SYM 0.00% 1.4¢ symbio holdings limited

Ann: Sale of Port Melbourne Site , page-4

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  1. 14 Posts.
    This sale of the site makes me very nervous (they only have until the end of 2013 to convince the new owner that they are worth more as a tenant than as an ex tenant.

    When is this company going to come out of trading halt? This sale was over a month ago. I've looked at the price of Au tallow, it has fallen a good amount since the last statement. If their tallow price excuse for low margins was true (that is a big if) then logically the drop in tallow price should become a rise in profit margin for the company. Maybe enough to make some money and start paying off their loans and survive.

    The company is probably either working out selling itself, or is waiting for a good profitability statement before reversing the trading halt. Either way I've been checking constantly to build a small position but they are never trading.
 
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