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SWL seymour whyte limited

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Ann: Indicative and Non-Binding Proposal - Market Earnings Update, page-8

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DrDante

564 Posts.

14/05/17

23:44

Post #: 24682767
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Originally posted by leothelion ↑

your "no vote" wont count. 3 shareholders hold 60%

this company's reporting is a farce. Remember 2015 FY when immediately after a "good year" they wrote down projects that should have been considered before FY end. then last year it was expansion plans and bad projects...and then this year its expansion again?? On a $300M turnover they used to make $9-10M. if there are no bad projects in 2017 where has all the money gone?? they certainly are not spending all that money on expansion. more stories from a board that are great at telling stories to their shareholders

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Margins are tiny and under bidding to win contracts means one small F up is huge losses. Clearly the 60% shareholders want out.

SWL Price at posting: $1.23 Sentiment: Sell Disclosure: Not Held
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Ann: Indicative and Non-Binding Proposal - Market Earnings Update, page-8

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