SBM 4.55% 31.5¢ st barbara limited

Ann: Quarterly Report Q4 FY24, page-5

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  1. 13,171 Posts.
    lightbulb Created with Sketch. 2811
    yeah sorry had the June 2023 qtr figures

    upload_2024-7-30_9-36-28.jpeg

    So September 2023 was 189m
    236 included restricted cash , 189 is the liquidity available

    so end sept 189 m cash available to use
    End the financial year 147m to use
    So cash available to use after operating in 9 months fell 22.8 percent and guidance 10 year plan revised downward in the same month it was presented

    No strength, cash dwindling , lucky aud gold went up or result would be much worse - and any weakening of headline realized price or increase in costs , and cash will continue to dwindle , just faster- and it’s paper gains on investments will also reverse

    10 year plans on paper looking good mean nothing, sun has a long history of guidance downgrades and it’s ten year plan has changed already, you can reasonably imagine how many changes will be made by 2028—

    No return to dividend on the horizon- dilution is more probable imv
 
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