SW1 0.00% 1.8¢ swift networks group limited

Ann: Swift FY22 Growth Roadmap, page-36

  1. 1,598 Posts.
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    Yep - someone trying to offload around 4,000,000 SW1 shares at 1.9 cents.

    Maybe trying to offset some solid capital gains they have achieved elsewhere?

    The market cap is now around $10m - wow!!

    Market cap is now approximately 0.5 x revenue - and this business showed a positive EBITDA figure & positive cashflow for the latest half year report?

    Fully understand the concerns around the % of revenue growth & the lack of consistency from quarter to quarter (and maybe some members of the board) in this business.

    But with MM now sold (which was clearly a cash drain), some solid cash in the bank, an investment in Motio / MXO on the balance sheet, and with mining & aged care & retirement sectors all looking pretty strong, the SP & market cap doesn't make too much sense IMO.
    Last edited by Brett M H: 24/06/21
 
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