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5.88%

24.0¢ st barbara limited

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

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tareqbonny

688 Posts.

113

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 24.0¢		Change -0.015(5.88%)		Mkt cap ! $196.4M

Open	High	Low	Value	Volume
25.0¢	25.0¢	23.5¢	$1.052M	4.312M

Buyers (Bids)

No.	Vol.	Price($)
6	186002	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.5¢	62700	3

View Market Depth

No.	Vol.	Price($)
6	186002	0.240
5	287176	0.235
14	717550	0.230
5	313884	0.225
13	347430	0.220

Price($)	Vol.	No.
0.245	62700	3
0.250	631791	8
0.255	459982	7
0.260	348610	10
0.265	801841	14

Last trade - 16.10pm 02/09/2024 (20 minute delay)

SBM (ASX) Chart