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

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madamswer

16,402 Posts.

7961

22/04/24

17:36

Post #: 73462001
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Originally posted by Ches ↑

I’m a HNW also. As I’ve stated before paying hundreds of dollars for a trade on commsec was taking the piss. I’m in stocks to make money, not share it with CBA.

So if you need more info than you can find trading on the SWF platform than just do your research on commsec and trade on SWF.

Just like I use the financial times to gather information not available on commsec or Selfwealth.

In regards to the SBB. It’s a smart move. The SP should increase due to the reduction of shares on issue Vs market cap and if the company needs cash in the future (which hopefully will not be the case) then they can do a CR at a higher SP.

Invest in yourself, which is what SWF is doing. I would much rather see this than the company just making interest in the bank on their $12m kitty.

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"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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SWF Price at posting: 14.0¢ Sentiment: None Disclosure: Held
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