Haven't done the maths of SBM's operation recently enough to say off the top of my head whether it's a good deal or not, though I suspect that in theory we're swapping the shares in one undervalued miner for another undervalued miner, given that the whole sector seems relatively undervalued given POG.
roughly, as far as I can tell: SBM produces 330koz yr at ~$650 cost. Market cap 700m so arguably trading on an even lower multiple than ALD.
Highly superficial first response: I like it.
Opinion subject to change without notice.
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Last
$32.09 |
Change
0.470(1.49%) |
Mkt cap ! $7.647B |
Open | High | Low | Value | Volume |
$32.04 | $32.30 | $31.93 | $31.27M | 969.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3444 | $32.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.20 | 1200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30 | 32.050 |
2 | 2839 | 32.000 |
2 | 250 | 31.900 |
1 | 315 | 31.810 |
1 | 1550 | 31.790 |
Price($) | Vol. | No. |
---|---|---|
32.200 | 1200 | 1 |
32.270 | 5000 | 1 |
32.300 | 458 | 1 |
32.400 | 200 | 1 |
32.600 | 1484 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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ALD (ASX) Chart |