SBM 6.67% 24.0¢ st barbara limited

any thoughts?, page-6

  1. 1,635 Posts.
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    I can't get to your numbers Blacks. The preliminary profit forcast for the half year indicates an NPAT of $25 mill. Even with zero profit in the second half I get a PE of about 21.

    Unless SBM shuts up shop tomorrow, i cant see any reason for it to fall further.

    i do agree with the sentiment of the article that gold is a bubble, but I dont think it has popped for SBM yet. Particularly given that SBM is at the same price now as when gold was at 1200.
 
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