I have been closely following NWT and SBB this morning. Once upon a time I had a small stake in NWT but quickly got out when I realized the management of NWT cared only about one thing, spending shareholders money on frivolous things or putting as much of shareholders money into their pockets as possible. Great idea. Awful management.
It is quite possible NWT might go way of the Dodo bird soon. It is dire times over there. Possible not probable.
Yet NWT is worth two to three times as much as SBB right now. How is that possible? But there are stories all around the ASX where investors are putting more value on companies that have 1% chance of making money. It seems like some Australian investors just like throwing their money away. And some of the same posters criticizing SBB are the same type of investors to throw money away on these type of companies. I think there definitely is a hint of racial misconceptions when it comes to judging SBB. And I bet Mr Xu cannot understand why Australians are not investing in his company or pricing his company so cheap. He probably thinks we are stupid.
SBB makes money. Fact.
SBB is dirt cheap. Fact.
There is zero evidence that anything is wrong with SBB. Fact.
A time will come when the market wakes up to the story.
