SnowKat
Alot happened in 2009!
When TL came on board in Mar-09 he inherited a share price which collapsed to 18c in Jun-09 mainly due to
- high op costs at Southern Cross
- high development costs for Gwalia
- uncertainty of paying out $100m convertible bonds
- negative cashflow
This was not because of the decisions he made but because of the decisions made by his predecessor
So in-light of that the share price has now recovered 60% from those lows in 2009. The market cap has more than doubled.
In FY2010-11 ...
SBM is expected to earn 20c per share this year i.e. a PE ratio 9.0 and earnings are expected to double next year.
If earnings double then its PE will drop to 4.5 at current prices.
Ok, say the CAH deal goes ahead, PE is 5.4 (20% dilution)
Then add the following ...
- Reserves 3.9 Moz, Resource 9.8 Moz
- 480kOz in FY 2011-12 then 400+ kOz 2012+
- 5 mines in 2011-12, then 4 mines 2012+
and the latest news
- CAH anounces upgrade in Resources at Edna May underground
- SBM making good discoveries at Copperhead (today)
hmm ... just digging the stuff out of the ground!
kbxk508
there we have it. cah is the target, page-19
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $196.3M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 23.0¢ | $865.9K | 3.702M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52553 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 845110 | 17 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |