Analogue for SWF, page-34

"In regards to the SBB. It’s a smart move."

Only smart if they actually buy back a decent amount of shares, otherwise it's merely kite-flying, which will serve to perpetuate the market's vote-of-no-confidence in the company's management.

So let's see how much of a dent they put in that share capital account between now and the release of their full-year result. I'll applaud them if they can deploy more than $1m as part of this buyback. Any amount much below $500k I'd consider to be somewhat tokenistic.

"Invest in yourself, which is what SWF is doing"

Not if that investment doesn't generate a return on capital. This company dusted $7m on Marketing and Advertising and at least a similar amount on product development across 2021 and 2022, for no discernible benefit.

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