Australia's largest stock trading and investment forum Australia's #1 stock forum

SWM

Click for more information

0.00%

17.5¢ seven west media limited

Ann: 2020 SWM Annual General Meeting Addresses and Trading Update, page-54

First 54 Last

Share
Profile

Follow
Virgil73

745 Posts.

67

12/11/20

22:13

Post #: 48839845
Share

Originally posted by tutes: ↑

From the Sydney Morning Herald today:

"Mr Warburton said net debt at the end of October was $425 million. The company has $350 million in cash.

"The changes we have implemented so far position the business strongly to capitalise on a market recovery, but there is still much to be done," he said. "M&A remains very much on our radar, but our initial priority is strengthening the balance sheet so we can participate in future market consolidation and resume dividend payments to our shareholders."

Mr Stokes said there were no plans for Seven to do a capital raising, but said he remained committed to the company despite its financial challenges.

"We believe in the company. We believe in what we're doing. We're not responsible for the circumstance we find ourselves in. We stand here today with a stronger company as a result of their hard work in these difficult times than we would have had otherwise. And because of that, I'm very confident going forward that the efforts that I put in and the others around me will be beneficial for all shareholders."

Expand

So debt has gone up since end of 2020 FY? Was at $398M back then.

SWM Price at posting: 21.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Australian futures higher as Wall St remains positive on a rate cut | September 13, 2024

CU6

Clarity progresses SECuRE trial with positive safety results

3 stocks with antimony news on Thursday

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

There are more pages in this discussion • 2 more messages in this thread...

First 54 Last

Add SWM (ASX) to my watchlist

(20min delay)
Last 17.5¢		Change 0.000(0.00%)		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¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	505342	6

View Market Depth

No.	Vol.	Price($)
1	943	0.175
3	51175	0.170
9	1161466	0.165
12	525268	0.160
8	517093	0.155

Price($)	Vol.	No.
0.175	597975	8
0.180	432905	8
0.185	484815	7
0.190	542000	7
0.195	92027	3

Last trade - 16.10pm 12/09/2024 (20 minute delay)

SWM (ASX) Chart