will SWK gain ground in FY17?, page-30

mockage despite my frustration with the inability of SWK to maintain a satisfactory level of profitability you would have to assume it will come good at some stage. I have probably been here for a decade now and whilst I have made good coin by trading the spikes it is a very difficult stock to read as it is neither particularly liquid nor does it display any consistent results. Even their own share buyback scheme was all over the shop.

I look at it and think whilst I have made a bit of coin here I could have also used the money far more effectively elsewhere as it really is a slow burn.

You would have to think IOOF are confident given the substantial size of their holding and of course they are now ideally placed if any corporate action eventuates although the Swicks remain majority holders.

Last quarterly was 3 mil up on prior year so if that continues on an addition 12 mil in the kitty wont hurt. Problem is they have always promised and rarely delivered so it is really hard to be confident.

Next quarterly will be the decider for me. I only have just over 92000 left which are free carry so if it is the usual "we are gunna" Im out of here. If it is a good result then happy days however you would have to be a brave dude to confidently pick these guys.

Many years have made me a sceptic. I guess I just like stuff that is more dynamic be it good or bad. At least then the decision is easy. These guys you just never know.