Currently we have Spheria Asset Management and Collins Street Asset Management in the SWM share register. I think next could be someone like Wilson Asset Management or Sandon Capital as fund managers tend to filter into a stock one after the other.
As much as NEC and SWM are competitors anytime that professional investors start buying exposure to the total tv sector they drive confidence into its future and assist in improving the market multiple at which these stocks trade.
At less than 3x current earnings (or 1.5x mid cycle earnings) its a long,positive momentum journey up from here.
SWM Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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