Ann: 2020 SWM Annual General Meeting Addresses and Trading Update, page-53

is it because nine had to have a reduction of 50% instead of 30%, all media companies suffered from covid, but SWM came out of it better as they were in the process of debt reduction and cost savings just before covid hit, the only disadvantage I believe is the sale of the studio's, bit looks like they dont need that to happen, anyway who am I to stay, they are on track and allthough the media industry wont go back to their market cap highs they are surely not valued at where they are today, my price target is still anywhere between 50c and $1 depends on where they sit financialy and net revenue.