I think you must be pulling my leg @ozjo. First you insist that Kerry Stokes controls 80% of the company (he only has 40.40% of SWM shares in his effective control) and now you’re insisting that the RBA isn’t in a rush to cut interest rates anytime soon because MooMoo Chief Commercial Officer Michael McCarthy said so.
Seriously?! MooMoo a company named by a Chinese stockbroker after he had one too many drinks and listened to ‘Old MacDonald Had a Farm’ lyrics is now the economic benchmark for our predictions?
Lets forget about the opinion of every single economist polled by the Financial Review last week who said interest rates were likely to be cut by May 2025 at the latest!
Lets forget about the fact that the Federal Election must be held before 17 May 2025 and Labor is already applying every bit of political pressure it can on the RBA to cut interest rates!
Lets forget the November Monthly CPI data which continues to show the Trimmed Mean Inflation moderating from 3.5% to 3.2%!
Lets forget that the RBA in their December press conference said that a cut in February 2025 was a possibility!
Instead lets listen to the MooMoo man.
Lyrics ‘Old Macdonald Had a Farm’
Old MacDonald had a farm Ee i ee i o And on his farm he had some cows Ee i ee i oh With a moo-moo here And a moo-moo there Here a moo, there a moo Everywhere a moo-moo
The RBA is overwhelming likely to start cutting interest rates in the First Half of 2025.
This will also signal the turning point in the Total Tv Ad market.
Buy SWM when its Low Sell SWM when its High- its that simple.
SWM at 15 cents per share is trading at less than 1.5x its mid cycle earnings ($155m NPAT) For anyone with any doubt this is VERY LOW and represents an excellent buying opportunity.
SWM Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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