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22.8%

35.5¢ st barbara limited

Ann: Quarterly Report Q1 FY24, page-27

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tareqbonny

705 Posts.

116

01/11/23

22:55

Post #: 70677935
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Originally posted by Jrowl1: ↑

Relax a bit, SBM is in a good position, cash greater than market cap esp after a 25% SP swipe in 2 days. People are talking about a credit crisis making people worried, SBM has more cash than market cap putting it in a unique position to weather that. I didn't think the rise in the SP over the past month was because of investors believing the next qtr announcement would show promise, if they were then insane if they believed that, I have always been expecting rubbish from them, the play is not hoping management is going turn things around, it's buying into their distressed assets regardless of management with the expectation they will sell them or be taken over/merged to more competent management. I wouldn't worry about management burning through cash, how fast can they spend $200M on themselves? problems stemming from that I would say is a year or two away if things don't change then worry, but it's not now.

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so you are ok with management doing nothing and burn the cash!!! Wow!! If they don’t do something positive how they gonna bring new investors!!

SBM Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

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(20min delay)
Last 35.5¢		Change -0.105(22.8%)		Mkt cap ! $294.6M

Open	High	Low	Value	Volume
37.5¢	38.0¢	35.0¢	$6.936M	18.94M

Buyers (Bids)

No.	Vol.	Price($)
44	932197	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
35.5¢	309092	14

View Market Depth

No.	Vol.	Price($)
42	960559	0.350
21	522454	0.345
15	758869	0.340
12	1289572	0.335
9	803070	0.330

Price($)	Vol.	No.
0.355	211510	15
0.360	662274	24
0.365	462114	17
0.370	787470	15
0.375	1197073	12

Last trade - 12.11pm 05/11/2024 (20 minute delay)

SBM (ASX) Chart