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
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $246.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.0¢ | $225.9K | 1.419M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 727238 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 804144 | 12 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| SWM (ASX) Chart |