Anyone watching this.. Used to be a HC Add?, page-5

Hi guys, i placed this on the short term trading thread a moment ago. Someone else's trash becomes another persons treasure.


Greetings stt's, i keep a low profile in general, however, a rare gem fell from the sky yesterday which demands my maiden stt entry.

SBB Mens retail targeting Chinas' middle class with 400 outlets.
Listed in November 2013. Fully diluted market cap (471m shares) of $46.6m
Currently 212m shares quoted with 259m in escrow for a further 18 months.
Cash per May presentation of $32m. Enterprise value of $14.6m at yesterdays' close of trade (0.099 cents).
2013 net profit after tax of $13.9m (3 cents/share) with a 0.6 cent unranked dividend.
The 2013 result was also negatively impacted by the associated costs of listing on the ASX.

The diabolical combination of someone needing to cash out of a little known and illiquid stock has presented one hell of an opportunity for mine. 190m shares were released from escrow on the 16th of May and judging by the chart, they were forced to drip feed into low liquidity. Perversely, it was the accelerated decline which placed it onto many radars…….Have a look at the volume kicking in from around 12 cents yesterday. Short, medium and long term hold this one.