The weak hands selling are those who were expecting a resumption of dividends with this announcement. This was the key thing missing, and if it had been there, the shares would be flying now.
I have a mid-80's valuation based on the FY21 results and FY22 guidance - I suspect it is only a matter of time before we see broker reports come out with materially higher valuations on SWM (plus institutional analysts doing similar number crunching in-house) and the stock will start to respond.
Up or Down ??, page-2670
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $269.3M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $601.8K | 3.437M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 1677603 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 98105 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| SWM (ASX) Chart |