Time flies. It's been almost 5 months since I offloaded SBB back 2nd Sept for other pursuits.
I think the timing is right for a re-entry.. Appreciate some of the good thoughts above.. The current SP looks yummy and I am working on how many packages and the timing.
In terms of Mr Xu's business strategy, I think he has a solid view to grow the business rapidly. Typical Chinese business man in my view. The opportunity is out there for him and his company to succeed but the lack of divid payout is the thing unacceptable for none of shareholders. If SBB will do div as they indicated last year, 10c will be wipe out just like that...
SBB is still a relatively young stock on ASX, and given the company was controlled by Chinese I am sure there is some levels of concerns that will let the market think more before action.
Wont encourage anyone to just load/ long SBB straightaway but do some cals. The maths wont lie. That's How I normally do.
Have a good day.
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