SWM 2.94% 17.5¢ seven west media limited

Ah yes the dividend, I got my dates mixed up with that one; I...

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    Ah yes the dividend, I got my dates mixed up with that one; I notice it still fell more than the six cents paid.
    Since you insist on researching me, I should point out that IIN was my biggest win of the ones you mention - I called that one right before the bad report and big fall and sold for a nice profit soon after.  SKT I shorted at 5.75 and it's now 5.47 so also happy with that.  LNG I still wish I could short it (weak chart and a big cap. raise likely) but sadly I can't.  Yes JBH moved against me so I bailed for a 3% loss, it's a volatile stock.

    But to get back to SWM, apart from it's textbook bearish chart and poor financials, the most important bear point is the poor future of TV (77% of SWM's biz).   Investing now in the future of TV is like investing in newspapers, video stores, book stores or record stores a few years back.  The future is mainly mobile, and it's happening VERY fast! But don't take my word for it, here's some fascinating Sunday reading:

    http://fortune.com/2015/02/18/millennials-are-abandoning-their-tv-sets-faster-than-ever/
    http://www.*.com.au/nielsen-q4-total-audience-data-2015-3

    p.s. Netflix launches in Oz and NZ March 24 - expect huge publicity and more negativity towards stocks such as SWM and STK around that date (I'm betting on a steep dive, but we'll see soon enough.)
 
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Last
17.5¢
Change
0.005(2.94%)
Mkt cap ! $269.3M
Open High Low Value Volume
17.5¢ 17.5¢ 17.0¢ $48.92K 280.5K

Buyers (Bids)

No. Vol. Price($)
10 411855 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 239649 2
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Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
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