SBB 0.00% 1.2¢ sunbridge group limited

Ann: BBY Research Report, page-23

  1. 577 Posts.
    Regarding what I called a re-announcement, I was not referring to the upgraded 20c sp target, I was referring to BBY re-announcing SBB's aim to increase company-owned stores, and quoting out of date figures... i.e. BBY is stating quite clearly in their 19th December report that 'Sunbridge is aiming to increase the number of company-owned stores from 24 to 70 by the end of 2014" ???
    That clearly relates to an old SBB report when there were in fact only 24 company-owned stores... BUT, AS AT THE DATE OF THE BBY ANNOUNCEMENT, i.e. 19th December, 2014, SBB WERE NOT AIMING TO INCREASE THE NUMBER OF COMPANY-OWNED STORES FROM 24 to 70 BECAUSE AS AT 19th December, SBB HAD ALREADY ANNOUNCED THAT IT HAD REACHED 63 COMPANY-OWNED STORES (See announcement dated 1st December)
    SO, I REPEAT, from my previous posting... 'I always think that companies re-announcing old reports with out of date projections is a bit of a worry'
 
watchlist Created with Sketch. Add SBB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.