fair enough that's another way of looking at it.. but i doubt if the mgmt is thinking of using working capital to buy back shares in any case bank loans especially to risky companies come with stringent conditions don't think buybacks are allowed.
If loans can be reduced to under 200mil with couple of good asset sales, valuation will go past 600mil, give it 6 months it'll happen
SWM SHARE BUY BACK-- capital mangement, page-4
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $253.9M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $127.9K | 790.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31250 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 102298 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SWM (ASX) Chart |