They are looking at digital very seriously -
http://www.smh.com.au/business/medi...wers-into-digital-future-20151021-gkeln6.html
There were talks of Telstra buying out SWM last year, but were dismissed as rumours.
Change in media laws and Olympics will drive the SP above $1.50 in 2016-17. FTA licensing fees will see a substantial drop by Turnbull and even out the playing field for SWM.
Volume shorted each day has declined substantially, so looks like they are also getting the message.
Patient investors will be rewarded.
SWM $0.790 $0.050 (6.76%), page-9
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Last
16.0¢ |
Change
0.010(6.67%) |
Mkt cap ! $246.2M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 14.5¢ | $128.5K | 833.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3969 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 634360 | 12 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| SWM (ASX) Chart |