SWK swick mining services ltd

big day for mine service stks

  1. DSD
    16,010 Posts.
    lightbulb Created with Sketch. 75
    Wow.... back online and mining service stks are booming! Just today SWK up 8.2%, BLY 5.9%, MIN 3.2%, DCG 2.35%, FGE 2.84%. List goes on. Late Nov saw many in this sector some 30-35% below today's price. For those who got their timing close to being right profits are substantial. Many of these companies pay decent divs and interim anns only 6-7 weeks away. Can the run continue? It can't keep going at this pace but it may rise another 5-10%. crzy times and impossible to forecast anything with much degree of certainty.
    Mining stks also strong. SLR up 3.9% and SAR 7.9%. I remain concerned that world economy is far from stabilised. But bold buyers a month ago have done very well. I wish I'd had more cash on hand when the sector dipped so savagely.
    SWK is supported by the buyback and continual rev stream from long secure contracts. More tender wins will boost price. Will we get news soon? I hope so.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.