Posters I am new to SBL and keen to learn some more, before I acquire a stake at what looks like a reasonable entry point.
I see a couple of conflicting signals surrounding the short term sp: 1. Bank of America selling out - always a query when a major shareholder exits. 2. underwriting shortfall of 54m shares - based on recent trading this could be absorbed over a month? 3. CR issue price of 2.5c was originally 3.3c - very unusual to reprice a CR (usually only happens for IPOs, and even then before it hits the press). Was there an issue with getting the CR underwritten? 4. Direcots buying at higher levels - always a great sign.
Appreciate any views on the above.
Hangseng, I saw you have amassed a holding in SBL which provides me some comfort.
Chawkey
It is not the destination we reach that is the most rewarding. It is the journey along the way.
SBL Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
