lol looks like you will be selling your 400k shares, NO dividend, instead the proposed 10% buy back at 'opportunistic prices' ie no guaranteed buyback.
Smart move by the Stokes family, by doing the share buy back they increase their ownership without having to make a take over offer. They will accumulate their ownership position over time without ever having to offer a take over premium.
The market knows this and hence why SWM consistently trades at a discount to where it should based on pure fundamentals.
Up or Down ??, page-4344
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $288.5M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $88.25K | 476.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 575560 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 20399 | 9 |
View Market Depth
| Last trade - 15.21pm 02/07/2024 (20 minute delay) ? |
| SWM (ASX) Chart |