Looks like we now know why SWM has been trending upwards - congratulations to those who have held.
Key points:
- Debt reduced to $398million, compared to $564million at end of FY19, with $325million cash in hand
- Although revenue may be down 5% for the first half of FY2021, SWM considers it will have reduced its operational costs by same, meaning it will be a net result.
- Currently undergoing asset sale negotiations, and will conclude them shortly and otherwise in the next few months.
A lot more to like in the presentation, particularly around content growth and future advertising sales, but from a commercial perspective they have done very well from where they were 3-6 months ago.
Looks like we now know why SWM has been trending upwards -...
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17.5¢ |
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Mkt cap ! $269.3M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 17.0¢ | $56.99K | 333.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1153466 | 16.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 505342 | 6 |
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| SWM (ASX) Chart |