share price, page-9

Time,

Thank you for your response.

In regards to your suggestion that SWL is coming off a low base, I'm more inclined to the view that the stock has already come off a low base, and that the market has already priced the cleaning house effect in. Remember when SWL traded at $0.68c? We have seen substantial upside since then.

McAdam's has not demonstrated his capacity to take this company forward. Furthermore, he is a new recruit, relatively unknown to the rest of his team, and has had a well thought of (yet unremarkable) corporate career.

You mentioned the upcoming election and the likelihood of the coalition taking power, and the chance that SWL will see some upside as a result of it's infrastructure plans.
This type of speculative reasoning is exactly why I believe the stock is fairly valued. Upside, by your logic, is hinged on a series of uncertain outcomes:
1. Coalition winning the election (likely but not a certainty)
2. Coalition designating spending towards QLD roads and infrastructure
3. That spending being directed towards areas where SWL has a presence
4. SWL tendering and winning those contracts
5. McAdam's being able to deliver projects on time and profitably. (He's yet to be tested)

You're essentially laying a multi bet, where as I am looking for compelling value. I believe sub $0.90, SWL offered compelling value, but at these levels any upside is pure speculation.

Good investing to all.