SBM 1.41% 35.0¢ st barbara limited

Well I guess all were expecting something like this with...

  1. 159 Posts.
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    Well I guess all were expecting something like this with acknowledgement from Bob as well. Just impairment writedowns over last 2 years (impacted to lesser extent by POG ) = $720m. Could this impact their credit risk profile vs loan agreements/negotiations?
    I sense this could be the bottom for SBM if they ditch SI in the short term & put company on a more stable path of profitable growth activity. This would also positively impact CAPEX & exploration spend. Need to get back to basics here as debt will need to serviced.
 
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