SWF 0.00% 12.0¢ selfwealth limited

Ann: Datt Capital Statement to Members, page-42

  1. 602 Posts.
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    Was unable to access the non-merger article because it was paywalled but got the date, 5th May, the same day as Datt's statement and SWF's three cent SP rise. Can't see the collapse of merger talks being positive for SWF's SP.

    Interest rate rises have been expected for some time and were already factored into the market, so this week's rate rise on 3rd May should not have affected SWF's SP, although the hike did initially affect the broader market because it was 0.1% higher than most expected for the first hike. Many more rate hikes are expected. Although interest rate rises are positive for SWF, believe it or not future hikes should already be factored into SWF's SP because market players are already expecting them.

    Overall, I can see no logical reason for the uptick in SWF's SP on 5th May.
 
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