Hi Sandy, appreciate your input and assuming you were addressing my post by mentioning 20% pullback.
I don't have a mathematical background or finance so have avoiding discussing Market Cap, PE ratio or NPV as frankly I'm still trying to gain an understanding and not attempting to mislead or throw out random numbers. I've found charting to be useful in my learning (still learning and not a chartist by any means) but it has helped me notice some points of resistance when looking back historically.
Lots of lines on this weekly chart but this is where I've interpreted some of the SP numbers in my previous posts. FYI the $1.03 line goes all the way back to the low of Nov 2012.
I come from a TV/Sport background and 7 was staring me in the face at my job and when I started investing I liked them because of brand recognition and the offering to the ordinary Aussie and even bogan market, SWM or at least 7 knew their target audience in my opinion. Also when looking at their previous div of around 2-2.5c in 2018 it equated to about 20% return on my initial investment if offered in the future which enticed me.
Re the 20% pullbacks I base this opinion only, off the 58c high - 40c (Feb-April), 40c-32c (Jan-Feb 2021) 26c-22 (Nov 2020).
Anyway that's just some literature from me but honestly I'm just a regular punter trying to make a buck like most.
(20min delay)