Last qtr SBM reported net negative cash flow of $22m, this qtr, they are looking at a positive $4m. That's a pretty good turn around story. I don't quite get the bit about paying off creditors, as I can see only a potential $2m as outstanding at the last qtrly. If that's a one off repayment, then the market would be correct to expect a better number again (50% better +ve cash, all other things remaining the same - including high POG) for the June qtr. This is playing out a slow and steady recovery scenario, with lots of cash on hand for opportunistic investment- with big potential upside.
Canada remains the unknown. Back in the glory days, $700m odd was paid for Atlantic. Fast forward to today and that sits on the balance sheet as a big fat doughnut. If we could some news there, even something small, there'd be a big re-rate.
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Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $204.5M |
Open | High | Low | Value | Volume |
26.5¢ | 26.5¢ | 25.0¢ | $1.209M | 4.678M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 707806 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 1033222 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 607806 | 0.250 |
9 | 369558 | 0.245 |
5 | 311436 | 0.240 |
5 | 263141 | 0.235 |
10 | 706330 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 1033222 | 3 |
0.260 | 627624 | 14 |
0.265 | 475436 | 9 |
0.270 | 420106 | 14 |
0.275 | 546263 | 9 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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SBM (ASX) Chart |