SBP solbec pharmaceuticals limited

SBP getting close to a buy again

  1. 404 Posts.
    SBP is testing levels aorund 14.5c. A but around 13c to 14c would IMHO be a god on, if you don't mind puting away your money for a while. Good one to put in your kids names (if you've got any). Avoid options as expiry date is just over 12 months and time value will erode quikly from now on, despite Steve Carter CEO, saying they would be 'in the money' by expiry date. Bit too risky in this market, which should just waffle along with a general downward bias for the next year or two IMHO. Remember, the ASX has not had a decent correction yet and in time, we WILL get the flu like the rest of Asia, USA and Europe. Comes back to P/E's and reduced earnings forecasts. e.g. Telstra, Mayne, etc etc.
 
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