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2.94%

33.0¢ st barbara limited

Ann: FY23 Financial Report and Appendix 4E, page-26

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bikemad

2,973 Posts.

517

25/08/23

08:48

Post #: 69540722
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Originally posted by Gwaihir: ↑

I think you're going to see some M&A action here.

Sure, they have some liabilities, but are still producing 130k ozpa, which will pay for the liabilities, or enable significant write-offs, and not eat too much into their cash holdings.

Those who quote liability figures seem to be precluding production sales.

It may take a year, and some additional management, but it could bounce back.

It would not surprise me if a bid is lobbed for SBM, and as part of the transaction, SBM returns a proportion of current cash to shareholders as a sweetener to accept the bid.

The current share price is silly, and especially when looking at the market cap, but then again, the market is now ruled by A.I. Algorithmic Bots, which makes it more of a casino than ever, and these Bots of course, are run today by the new young stock brokers, most of whom can't read, or write, or spell, or add 2+2. Dumb and Dumber is an understatement. Just look at where Australia rates in the global education space, and that isn't good either.

Gw

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Can you please detail how you get to 130kozpa?

SBM Price at posting: 19.5¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 33.0¢		Change -0.010(2.94%)		Mkt cap ! $270.0M

Open	High	Low	Value	Volume
34.0¢	34.8¢	32.5¢	$847.7K	2.553M

Buyers (Bids)

No.	Vol.	Price($)
1	99998	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
33.5¢	83653	10

View Market Depth

No.	Vol.	Price($)
1	99998	0.330
6	165539	0.325
9	97530	0.320
3	530000	0.315
6	138871	0.310

Price($)	Vol.	No.
0.335	83653	10
0.340	385615	8
0.345	133787	3
0.350	20000	1
0.355	152726	5

Last trade - 16.10pm 03/10/2024 (20 minute delay)

SBM (ASX) Chart