The hard work of last 2 years has started to show results.
The ground for these results was established by Bob Vassie.
The new CEO Craig Jetson is improving the business.
$90 million cash increase in a quarter. Good job SBM team.
Now let's catch up to RRL ($2.7 Billion Market cap) and then eventually SAR ($6.4 Billion market cap)
SBM ( $2.3 Billion). A lot of room to run. At the moment Broker targets are ranging from $3.40- 3.90.
Today's update will ensure Broker upgrade their target price. ($4-4.50) I think it is coming soon.
It's been a very painful frustrating hold for a good 1 year. The run to $4 could be swift, as early as end of August 2020. My target price $4. I am upgrading SBM before other brokers.
Ann: Production Update Q4 June FY20, page-6
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Last
21.0¢ |
Change
0.015(7.69%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $2.213M | 10.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 361025 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 1595913 | 23 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |