the current buyback will mop up some liquidity from the market. This can support the share price and move it slowly upwards.
I am happy to wait till the company accumulates cash more than its current market cap. Sooner or later, it will have to do some more attractive capital management initiatives like dividend so Stokes can get $$ back for himself.
the other trigger is that broader investors will switch their money to value shares as people pull away from low cash generating companies in a high interest rate environment. So undervalued share like SWM will become popular again.
this share is now one third of my portfolio and is a high conviction stock for me. And yes, I only make concentrated bets which is not everyone’s cup of tea.
Up or Down ??, page-4613
-
- There are more pages in this discussion • 664 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SWM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $246.2M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $23.88K | 146.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 463202 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 68502 | 7 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| SWM (ASX) Chart |