Clearly SWT isn't going to drop much from these levels...its stayed here for about 2 months, creeping slowly slowly up. So there is little point in waiting until it gets cheaper. Thats unlikely. Even the institutions had to pay 11.5 cents per share recently.
As numerous posters have pointed out, SWT is signing up a lot more customers then it expected when it issued its profit forecast 6 months ago. There have been lots of hints that it will need to revise its forecast based on the quicker then expected growth.
It is gaining market share quickly, and now is amoung the top 6 ADSL suppliers. Yet because of the low number of shares on issue, at 13 cents it is capitalized way less than DFT and only a fraction of IIN.
So what's likely to happen - SWT will make a formal statement revising its profit forecast to take into account higher than expected growth figures. SWT share price to jump from here.
I doubt anyone expects it to go down - there is just no reason for it to. They are exceeding everything they expected.
Very low downside risk. Lots and lots of upside potential. For an investor that is a good stock to hold.
I would be buying except i hold already. The only stock that I own that isnt mid cap or blue chip.
