mate this is a trading stock, stop thinking in terms of fundamentals. Fundamentals only apply if the company is being run for the benefit of shareholders as a collective whole. SWM is not. Its run for the benefit of Kerry Stokes and Seven Group Holdings!!!.
No buy back support because of black out period, down the share price goes. Share price additional weakness could also arise because 1HFY24 results will not be good (weak advertising market).
Understand this basic tenancy, understand how to make money from SWM.
I offloaded well into 27c after accumulating additional shares in the low 20c. Bringing my average cost down.
I still hold a position because I believe the intrinsic value is higher than 27c, but I will not be a 'dollar average' bull and just increasing my position size, I need to make money, especially as there are no dividends!!!!.
SWM Price at posting:
24.5¢ Sentiment: None Disclosure: Held
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