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.
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $269.3M |
Open | High | Low | Value | Volume |
17.5¢ | 18.0¢ | 17.3¢ | $25.43K | 145.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 1331204 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 711 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 1331204 | 0.170 |
14 | 285818 | 0.165 |
9 | 456660 | 0.160 |
8 | 586249 | 0.155 |
9 | 134080 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 711 | 2 |
0.180 | 608015 | 13 |
0.185 | 153592 | 7 |
0.190 | 576050 | 7 |
0.195 | 121989 | 6 |
Last trade - 13.01pm 25/07/2024 (20 minute delay) ? |
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SWM (ASX) Chart |