nine (not including domain) net debt increases around 170 millions Compare last year (339 vs 173), they expect revenue for free tv down low double digits, they still declare 5C final dividend and extend share buyback, unbelievable! basically , they use their free cashflow to pay dividends, borrow money to buy back,that really make difference between market price of 7 and 9 share price I think, in long run I will bet on seven specially given current low market price.but in short term feel so disappointed and pain.
SWM Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
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