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Galba

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08/09/14

17:01

Post #: 13941957
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Originally posted by 5hareholder ↑

It amazes me that shareholders do not have faith in their own due diligence. If we look at famous fraud stories, the cracks in the wall have been obvious (refer to Sino Forest for example). If we look at recent financial flops such as Billabong, Macmahon and most notably Forge, the financial distress that these companies faced was predictable due to their funding arrangements. If one did their own research into the setup of SBB, it would be clear that it is a no-frills ownership business with two clothing consortiums under its banner that produce sustainable and growing revenues sources. They have obtained funding largely from seed equity, and partially from debt that will be fully serviced by the end of the year.

Share price deterioration can occasionally be used to foresee upcoming bad news, for example WDR dived 30% last week before going into administration this week. But investors only had to look back 6 weeks to understand that the company was in major trouble. In SBB's case, it would be clear by now if it had business troubles with enough people now perusing every single bit of detail it has released over the past year.

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Well said Shareholder mate.. Honestly as someone who can empathise with others in this position once before I can totally understand the pychology behind emotions getting in the way. With the amount of data available and high-frequency trading we (I can say myself even) are all guilty sometimes of looking at the screens constantly. But as you say back your own research. Nice to see you on here for the others

SBB Price at posting: 8.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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Time to find out what's happening, page-8

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