- CFO resigned, woop de do da, happens all the time and most likely got a better offer elsewhere or moving country etc.
- Directors have confirmed to holders all going well and accounts at audit, also said may hear sooner on results given all that is going on, big plus. Basically confirmed they are flying and June update also confirmed this.
- Escrow sellers nearly gone, the free float is now much bigger which is great for long term liquidity and price.
- Stock being pushed around by day traders but investors are accumulating for longer term.
- Brokers are about to start covering this stock, could be a huge plus. We may see some 20c valuations??
- Operate in the fastest growing consumer market on the globe.
- Close to a 20 year history, distribution network and footprint well established ready to capitalise.
- Financials look extremely sound and dividend not far off.
A though - the CEO may have wanted to list in order to attract a takeover offer and sell out, I would think some Australian retailers should be interested in getting a foothold into China?
SBB Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
