SWM 2.86% 17.0¢ seven west media limited

Ann: SWM AGM Addresses and Trading Update, page-12

  1. 2,593 Posts.
    lightbulb Created with Sketch. 609
    Not for the current 12 months..I think we will come around $250-260mln...but with mich improved cadhflow,as 40mln of taxes and another 30mln one of costs will not impact us this year ....most likely this cash will be spend on debt and small amount on BUy back...

    as NEC an SWM is calling cyclical economic softness in revenue TV decline ..and some are calling the bottom of it ..

    As we go into 2024:

    - cost under control but they have to make more cuts_get liner....at least the cost base is stable in this highly inflationary time
    - revenue..slight improvement in Q2..lets see the rest of the year...I wander how much $$ extra 4bln minutes of sporting streaming will bring? James stated "material"...
    - Market can only improve
    - Government will help with certain laws!!...sporting content is locked till 2031
    - Debt is totally under control and should be under 200mln(net debt) by June 24

    I hold
 
watchlist Created with Sketch. Add SWM (ASX) to my watchlist
(20min delay)
Last
17.0¢
Change
-0.005(2.86%)
Mkt cap ! $261.6M
Open High Low Value Volume
17.5¢ 17.5¢ 17.0¢ $9.052K 53.09K

Buyers (Bids)

No. Vol. Price($)
4 188134 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 606816 9
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
SWM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.