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4.65%

22.5¢ st barbara limited

so you are ok with management doing nothing and burn the cash!!!...

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tareqbonny

681 Posts.

112

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
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(20min delay)
Last 22.5¢		Change 0.010(4.65%)		Mkt cap ! $184.0M

Open	High	Low	Value	Volume
21.5¢	22.8¢	21.5¢	$512.5K	2.296M

Buyers (Bids)

No.	Vol.	Price($)
9	492803	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	548490	8

View Market Depth

No.	Vol.	Price($)
8	265758	0.220
14	640503	0.215
25	1405471	0.210
11	1372580	0.205
30	992259	0.200

Price($)	Vol.	No.
0.225	486731	7
0.230	306288	8
0.235	440783	7
0.240	128133	9
0.245	333204	4

Last trade - 16.10pm 23/07/2024 (20 minute delay)

SBM (ASX) Chart

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