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https://www.********.au/2014/07/16/sunbridge-group-ltd-red-hot-ba...

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fortitudo

928 Posts.

03/09/18

13:34

Post #: 35375489
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Originally posted by drifta ↑

Seriously pikel you need to do your homework.
The managing director did an "off market transfer" of 23 million shares. This is not a sale but a transfer of shares into another account, happens all the time with blue chip Aus companies, no different here.
As for bank interest, $25Mi at 1% would equate to $250Kpa. but since this is a business account and we can clearly see for the last quarter, total expenditure of $15.7Mi and total revenue for the quarter of $17.7Mi, then we can see this is on target to achieve $8Mi profit for the coming year. So interest plays a little part here, as the funds are used in the course of business producing $8Mi profit rather than small $259K interest profit.

My point is the big gap between NTA and market value, 13.9 cents vs 1 cent cureent price.
I'm only looking at low price bargains.
drifta

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https://www.********.au/2014/07/16/sunbridge-group-ltd-red-hot-bargain-or-investment-trap/

https://www.copyright link/business...stors-are-owed-some-dividends-20150204-136lui

SBB Price at posting: 1.0¢ Sentiment: Sell Disclosure: Not Held
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