There shouldn't be any holders of SBM if you use a stop loss to trade but for others this may be good news.
from share cafe newsletter:
SBM - Deutsche Bank rates the stock as Buy
BROKER NEWS - 12/06/2008
The company unexpectedly announced it will raise extra funds through a 2 shares for 7 held entitlement offer. Deutsche Bank analysts have done the numbers and re-calculated the dilutionary effects (22%).
Because they still see production growth and capital upside, in combination with an attractive valuation, they simply maintain the Buy rating.
Forecasts have taken a massive dive: minus 37% for FY09, minus 22% for FY10 and minus 22% for FY11. Target price drops to $0.70 from $1.15, in line with the dilutionary effect on the broker's valuation for the stock. Sector: Materials.
Target price is $0.70. Current Price is $0.56. Difference: $0.14 - (brackets indicate current price is over target). If SBM meets the Deutsche Bank target it will return approximately 20% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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Last
26.0¢ |
Change
0.010(4.00%) |
Mkt cap ! $212.6M |
Open | High | Low | Value | Volume |
25.0¢ | 26.0¢ | 24.5¢ | $951.3K | 3.740M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 223815 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 519867 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 223815 | 0.255 |
3 | 123956 | 0.250 |
8 | 376837 | 0.245 |
3 | 204000 | 0.240 |
5 | 278141 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 429850 | 6 |
0.265 | 332828 | 11 |
0.270 | 625724 | 15 |
0.275 | 195136 | 6 |
0.280 | 402067 | 12 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
SBM (ASX) Chart |
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SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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