SBB
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0.00% 1.2¢ sunbridge group limited

Update Report to Shareholders by CEO., page-41

  1. Pbnewby
    7,515 Posts.
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    31/03/15
    17:21
    Post #: 15013724
    Column 1
    1 NOTE 21: CONTINGENT ASSETS AND CONTINGENT LIABILITIES
    2 The Company has contingent liabilities at 31 December 2014 in the form of guarantee contracts totalling $9,970,000 ($2013: $2,289,000)

    The Company provides guarantees to support bank loans by non-related entities.
    I think this is what GT is referring to these are loan guarantees for NON-Related entities in their own words. and given they are unknowns they represent risk to Sunbridge to the tune of pretty close to 10 mil as of 31 Dec 2014.
    Last edited by Pbnewby: 31/03/15
    SBB Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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