SBM was $5 in early 2019. It has had operational ups and downs, but it definitely has great potential to make operating net cashflow highlighted by their Q4 performance in FY2020 ($126m), and Q4 in FY 2021 ($100m). Those numbers belie their paltry $1b market cap.
The current quarter is unlikely to be great, but I have a feeling their Q4 performance may again be quite good. That being the case, this deal will end up being a lot better than 53c.
The SBM announcements and performance issues over the past few years are worth studying- in my view.
Merry XMAS!!
SBM was $5 in early 2019. It has had operational ups and downs,...
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