SBM - St Barbara Limited

[Ann]

Re: SBM - St. Barbara Mines

Why didn't that chart load.....?

Please see previous page for my comments...

 

[Narkov]

Re: SBM - St. Barbara Mines

I don't know for a fact but it appears the companies are told or become aware they will be placed on an index about three months prior.

I have the utmost respect for your opinion Ann but three months is an aweful long time in the life of a stockmarket. Any other examples you can show us?

 

[Ann]

Re: SBM - St. Barbara Mines

Hi Narkov,

Yes there are lots I could show you where the price of a company has moved steadily upward for the 3 months preceeding its listing and then it tends to fall away in price.

I don't just see the price increase as proof that this has occured.I am basing my suspicions from the time of around the tech boom era. There were leaks all over the place for months about certain stocks going on to different indexes. I have just realized I am talking 1998-9, so I guess I have been watching for closer to seven years.

If you want to spend a bit of time looking for yourself, there is a huge list of new stocks that have gone onto the All Ords and the 300 index this review period....have a look for yourself...for a bit of fun. I haven't reviewed them all, as I am over the S&P index review. Boredom does eventually set in

S&P300:

Additions: GFF, AIHCA, BBW, SKICA, SPN, AUN, BMX, BTA, MFS, MMGCA, MPF, PXS, QGC, RAT, REU, RNYCA, SBM

All Ords:

Additions: GFF, AIHCA, BBW, SKICA, SPN, BMX, MFS, MMGCA, PXS, QGC, RAT, REU, RNYCA, SBM, ACL, AEXCA, AHE, AOE, ATR, AXQ, AZA, BEI, CHX, FZN, ILF, IRN, ITF, MDL, NHR, OPL, PPC, REA, REF, OLL, IBT, SEM, APZ, TGP, CDD, WCB, POH, DMP, AEZ, PGA, ESV, AQA, SYN, APD, MMS, BEC, CIFA

Hopefully none of these codes have been squewed...

 

[Narkov]

Re: SBM - St. Barbara Mines

Aren't the events mutually inclusive? Price increases...enter index. There is no chance a stock will DROP and then enter the index. Maybe the rule for entry is you need steady/stable increase over the previous 3 months?

 

[Ann]

Re: SBM - St. Barbara Mines

Hi Narkov,

As I understand it, a company will approach Standard & Poors to be included on the Index. They have certain requirements with regard the overall liquidity of a stock. If a stock has a very high market cap but is a very tightly held company it will not be eligible for listing, short term price movements are of no consequence. It is more to do with market cap and turnover.If a company's turnover drops away, this can get a company delisted from an index....

Here is the S&P description of the S&P/ASX 300 Index

The S&P/ASX 300 index provides additional depth and coverage to the S&P/ASX 200 while maintaining strict liquidity guidelines. It provides up to an additional 100 small-cap stocks to the S&P/ASX 200. Companies removed from the index will be replaced when a suitable candidate is available, or at the quarterly review. The S&P/ASX 300 does not necessarily contain 300 companies.

However the All Ords differs slightly in the liquidity requirements....

The All Ordinaries index is Australia's market indicator. The index represents the 500 largest companies listed on the Australian Stock Exchange. Market capitalisation is the only eligibility requirement of constituents, as liquidity is not considered, with the exception of foreign domiciled companies

Hope this helps

 

[Ann]

Re: SBM - St. Barbara Mines

Sorry Chicken,

I keep going off topic on your threads. I apologize and do beg your pardon.

 

[It's Snake Pliskin]

Re: SBM - St. Barbara Mines

Sorry Chicken,

I keep going off topic on your threads. I apologize and do beg your pardon.

Ann,

Thanks for the info.
Chicken doesn`t mind. :headshake

 

[nizar]

Re: SBM - St. Barbara Mines

From my understanding...

WHen its announced a stock will enter asx300 or all ords, stock price will generally go up because people anticipate that it will go higher due to institutions buying...

WHen a stock actually enters an index, institutions (esp. index funds by definition) actually do buy the stock, pushing it up higher still...

Specific to SBM, its up to 55c today, on a day when gold went down... when gold recovers + nickel announcement comes, this one IMO will go higher, maybe to 60c before end of march...

 

[chicken]

Re: SBM - St. Barbara Mines

Ann, you are a great help to everyone..as far as stepping on my toes..I have broad shoulders and been insulted by experts...so all I say is go for it because you are doing all of us a favour...as someone said me posting too much on a stock..gives it a kiss of death..so I try and read more and by that I discover I can still learn a lot..so Ann dont be shy because the board loves you..I just try and find more stock where people will make a $$$ and not lose money..after all I have still dogs in my portfolio which I am still feel embarrassed about..so just keep posting..thanks Ann

 

[Narkov]

Re: SBM - St. Barbara Mines

HY report just came out.

Revenues from ordinary activities up 116,067% to 53,437
Profit (loss) from ordinary activities after tax
reduction 163% to (6,485)
attributable to members
Profit (loss) attributable to members reduction 163% to (6,485)

 

[sam76]

Re: SBM - St. Barbara Mines

do you know how that compares to market expectations?

SAM

 

[Narkov]

Re: SBM - St. Barbara Mines

chicken will be better suited to make an analysis but I think a loss is/was expected considering all the exploration and changes they have made. They have been ramping up production over the last few months and it still continues.

Wait for chickens full analysis.

EDIT: I should correct myself...a loss probably wasn't expected but high costs were. It appears new accounting standards may have had some effect.

 

[sam76]

Re: SBM - St. Barbara Mines

here chook, chook, chook...



I'm looking forward to your analysis..

 

[Ann]

Re: SBM - St. Barbara Mines

From my understanding...

WHen its announced a stock will enter asx300 or all ords, stock price will generally go up because people anticipate that it will go higher due to institutions buying...

WHen a stock actually enters an index, institutions (esp. index funds by definition) actually do buy the stock, pushing it up higher still...

Hi Nizar,

I am not arguing with you, as each stock is different. I am never adament but I just look at what I see in a chart and over the years of watching the S&P index changes, thinking in the early days I had found the "Holy Grail" because of the very reasons you just stated. Sadly it rarely worked that way. The S&P Licensed Index funds are given a few days early notice and most of these new additions would be a fairly small weighting so not too many stocks would be required to fill the instos needs.

Stocks that get thrown off the higher Indices ie S&P/ASX 100, 50 and 25 are pretty consistant in giving a reasonable price rise, funny as it seems.

Chicken,

Thank you for your generosity and kind words. I will still try not to be too negative on your threads if I can manage.

 

[chicken]

Re: SBM - St. Barbara Mines

chicken will be better suited to make an analysis but I think a loss is/was expected considering all the exploration and changes they have made. They have been ramping up production over the last few months and it still continues.

Wait for chickens full analysis.

EDIT: I should correct myself...a loss probably wasn't expected but high costs were. It appears new accounting standards may have had some effect.

Well, you are correct of what you said here they did make a profit but under the new accounting standards they made a small lose so what it means their next half may balance the books and a profit is shown..they have money in the bank...and progressing niecly..one which has a lot more upside..after all its been a long 12 months since they took over the SGW assets.....and J Morgan who just bought 31 million shares would have made their research into SBM and felt as I do that this will become a great investment for the longterm holders...also a good trading stock...so I am still in and dont intend in jumping ship as my initial target for the end of the year is still $1...as some one said on another board..better than money in the bank...as I still feel the Nickel assets once a clear understanding is there ,will drive this stock quickly higher...just IMHO

 

[chicken]

Re: SBM - St. Barbara Mines

I hear they value SBM at at least $1 EURO...work it out what it is worth..intresting I thought.....German news

 

[nizar]

Re: SBM - St. Barbara Mines

I hear they value SBM at at least $1 EURO...work it out what it is worth..intresting I thought.....German news

hmm... yes but how long until that value is realised?

SBM hasnt moved in like 2 months in spite of all the positives that have happened: chairman/directors buying, share buyback, instos buying, nickel announcement pending, and gold recovered from recent pullpack at 539, now its 551, NCM, OGD, LHG and others up today but SBM still the same.... and buy side looking very depressed..

 

[regatwests]

Re: SBM - St. Barbara Mines

hmm... yes but how long until that value is realised?

SBM hasnt moved in like 2 months in spite of all the positives that have happened: chairman/directors buying, share buyback, instos buying, nickel announcement pending, and gold recovered from recent pullpack at 539, now its 551, NCM, OGD, LHG and others up today but SBM still the same.... and buy side looking very depressed..

Turnover is low.

It may be cheap at 0.52 but I have a 2 week old `buy order` at
48.5

More a reflection on how miserable I am and my opinion on
market volatility than any reflection on the value of SBM.

Since the S&P inclusion it appears the pog has a significantly reduced effect
on the SP.

 

[chicken]

Re: SBM - St. Barbara Mines

hmm... yes but how long until that value is realised?

SBM hasnt moved in like 2 months in spite of all the positives that have happened: chairman/directors buying, share buyback, instos buying, nickel announcement pending, and gold recovered from recent pullpack at 539, now its 551, NCM, OGD, LHG and others up today but SBM still the same.... and buy side looking very depressed..

Turnover is low.

It may be cheap at 0.52 but I have a 2 week old `buy order` at
48.5

More a reflection on how miserable I am and my opinion on
market volatility than any reflection on the value of SBM.

Since the S&P inclusion it appears the pog has a significantly reduced effect
on the SP.

Mate if you think you get them at that price well dream on..why..anything below 51.5cents is BOUGHT BACK BY SBM.....they only want 53million of those so your price has to be above 51.5cents as otherwise you got NO SHOW in buying any SBM.....big buyback taking place so you might have to buy something else as SBM is all going above 51.5cents...check it out maybe you will learn something...if I could get them at your price I'd mortgage my house....LOLOLOLO

 

[chicken]

Re: SBM - St. Barbara Mines

Some funds managers shaking the tree.....watch the April anouncements...will be a lot higher as read what Ed Eshuys had said..Nickel results are due....Funds managers wanting MORE stock....