SBM 0.00% 20.0¢ st barbara limited

blacksI'll give you a tick for posting on SBM and well done for...

  1. 43 Posts.
    blacks

    I'll give you a tick for posting on SBM and well done for being able to pick tops, bottoms, turnarounds, saddles etc.

    Here's what I like ...

    - Record profit & op cashflow 2010-11 FY
    - Production: 255-270 kOz 2011 and 330-370 kOz 2012
    - Starting now King of the Hills
    - High grades at Gwalia 7.3g/tonne Au
    - Reserves 2.9 Moz, Resources 7.7 Moz
    - Materially undervalued against peers
    - Low debt $11.5M

    My negatives

    - High costs at Southern Cross, should be better this Qtr
    - 2Y left at Southern Cross

    In 2009, this was 18-21c pre consolidation [$1.08-$1.26]. So its about double that now. Nice recovery. I'm not complaining.

    Unmarketable shares were listed in Mar @ $2.03 per share so I think anything at or just below this mark may be a good re-entry.

    If earnings per share are to reach 26-34c (currently 13c] then $3.90 down the road is not unrealistic. Do the maths



    kbxk508

 
watchlist Created with Sketch. Add SBM (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
0.000(0.00%)
Mkt cap ! $163.5M
Open High Low Value Volume
20.5¢ 20.5¢ 19.8¢ $687.8K 3.425M

Buyers (Bids)

No. Vol. Price($)
7 278140 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 744228 13
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
SBM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.