in all fairness that's all true and well to say that they would come down for obvious agm purposes, but to see them conduct three shareholder meeting which were organised by six degrees investor relations organisation proves that they realise that its not purely the fundamentals and balance sheets of this company that is holding its shareprice back but more investor sentiment thus the reason for doing extra groundwork to address key issues - from reading this from their website you must think that six degrees clearly sees the problem aus investors are having with sunbridge and would of suggested such meeting to help with investor sentiment and to gain trust from investors whilst also allowing our board to gain answers on steps moving forward to get this share price moving in the right direction
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not wishing to do any cross promotion here and getting this post deleted, lets have a look at an illustration to see if this company is not clearly undervalued from a investing point of view
market cap:
xpd soccer gear $1145.5M
sbb: $22.17
revenue to fiscal year ended 30/12/2014
xpd: $75.2M
sbb:$84.2M
npat year ended 31/12/2014
xpd: 18.6m
sbb:$8.4m + one off investment expense $18.9m=$27.3m
total cash on hand
xpd: $3.9m
sbb: $29.3m
main man, chairman's shareholding
xpd: 55.2%
sbb: 54.94%
so xpd soccer gear market cap $145m compared to sbb market cap $22m- so are we undervalued ? and lets not even start throwing around the sovereign risk of investing in a Chinese company into it because we are comparing similar companies here that both operate from China
SBB Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held