Investing Or Donating Hard To Tell With SWM

SWM feels less like a listed company and more like a taxpayer funded job scheme. The share price is in a coma completely unresponsive to market rallies, rate cuts, or anything remotely resembling good news. It just drifts sideways in zombie mode while shareholders get nothing in return no capital growth, no dividends no reward just dead money, just the privilege of holding a bag.

Meanwhile, management carries on comfortably, drawing salaries and handing each other titles like it’s a private club. Shareholders? We’re just here to keep the lights on so they can keep collecting paychecks. It’s a classic case of a company run for the benefit of insiders, not investors. If there’s a strategy behind the scenes, it must be do as little as possible for as long as possible.