SBB 0.00% 1.2¢ sunbridge group limited

TA opinions, page-12

  1. 2,363 Posts.
    agree, this is consolidation.

    At some point, no-one will be prepared to sell for less than 11c, as they paid that for it, and value it at 35c.
    Including those who bought under 11c and limited profit in mind has also sold.

    Is the share price going in what direction?

    Down ? No.
    Are we suddenly discounted down to PE of 2? It would be necessary to convince all the recent buyers to sell at a loss back to 7c. There would need to be a massive shock, eg. Chinese economy grinds to a halt, or Yes we have infact been selling our fashion items with monopoly money. Extremely unlikely.

    Up. Yes.
    All the buyers value at least what the IPO was priced at PE7, and then some. And selling exhausts, the only way is up.
    And the business that has grown to 400+ stores, continues to grow, with real money, and real profits. And this hiccup in the price, created by our escrow sellers is seen for what it is. Gift.
 
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