Good indication here is a solid volume at this level....this volume is good for our ASX 300 admission ( one of criterias) and it shows that some smaller funds see good upside from this level...if they see upside from 75c level this could suggest over $1 is something they believe in ....
if you remember from 8 or 10 months back they we will have one off impact this year approx 50mln from memory..( some cash and some non cash) and even with this impacts we look at 300mln EBITA.....imagine what we will have next 12 months ( at least 330mln) with FB and Google and PRT full year in...dropping off cost of NRL and Cricket.....this stock has $1.5 written all over it...
SWM Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
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