Hi all,
Below is table from a recent Canaccord Genuity (CG) broker report that a friend kindly posted on the BDR forum last week.
Note CG's target price for SBM is $2.45 (i.e. prior to the very positive HY results and presentation
Market cap currently A$836m (vs CG's immediate target of $1.2b).
Based on and @365koz production at an AISC of $1025 (mid point of guidance range) for FY16, SBM should generate at least $210 million in net operating margin based on an average sale price of A$1600 (YTD average spot price is currently A$1618 and rising).
Conservatively, SBM should be able to maintain it current cash balance of $100 million and repay over two thirds of it's debt in $A this year. But either a stronger $A (reducing the debt repayments in $A) or > A$1650 average spot price improving FY16 financial performance should see the company being practically debt free by this time next year. What a turnaround story that would be
Hi all, Below is table from a recent Canaccord Genuity (CG)...
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Last
32.8¢ |
Change
0.003(0.77%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.5¢ | $83.94K | 257.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 200799 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 431216 | 25 |
View Market Depth
| Last trade - 11.17am 04/12/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
