SBM 1.41% 35.0¢ st barbara limited

market cap $80 million debt $335 million, page-34

  1. 3,063 Posts.
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    There are no genuine comparable companies with:

    1) high debt levels that keep increasing.

    2) Loss making operations where promised operational improvements are not realised.

    Rather than being excited about the "value" that you see in SBM I would be asking whether it is a going concern. The CEO's head rolling and no visibility of debt levels decreasing = trouble. The share price is where it is for good reason.
 
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