SWM 2.78% 18.5¢ seven west media limited

Ann: SWM announces on-market buy-back, page-15

  1. 401 Posts.
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    You know what, I reckon that is the end game too, but its not a cash cow for SVW unless they receive cash from the business, and they don't without dividends. I do think, though, that the buyback, in raising Stokes' stake will make it a no-brainer to take out remaining shareholders at some stage. I remember him buying stock at the $2 level.
 
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