Why so ? - selling out of commodities. Australian critical minerals and metals very needed longterm and commodities been undervalued and held down a long time. Yes I’m also concerned re China etc. But Aust is source of alternative supplies for rest of Asia , Europe and the US.
Also as you realise Elders is agriculture, inextricably linked with agricultural commodity prices, with growth also as they increase their branches and business as they hope to do.( I do not hold )
And why do you reference such a low price for SWM? At only 3 x EBITA & growing business, current up to 10% BB and dividends likely in a year (FY24– ) - SWM to me is a buy.
SWM Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)