SWM seven west media limited

I realised that I was missing somebody - apologies, somehow from...

  1. 5,511 Posts.
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    I realised that I was missing somebody - apologies, somehow from probably years back maybe, had on ignore.
    Restored, & apologies @optimistus .
    Now going to make sense for me in Aeris, when daicos & others are replying about an AFL team or player ,.. to someone I realised I couldn’t see

    The other day I googled DeGoey just to see if was possibly someone somehow related to mine operations!
    (Queenslander, so don’t know AFL players or follow really)
    Used to go out with man in Sth Oz back several years ago now, & he backed the Kangaroos ongoing from when was young and playing, SA teams still newer then maybe - good for jibes & always contrary and fun on Mondays after the weekend games with everyone reliving local teams action. And Nth Melb were never doing well
    I do actually have a Crows cap somewhere in my cupboard though, from a time when visiting Adel Oval for a game.

    I have pivoted more into here, also contrary movement , as have sold down from big copper holdings.
    Had been significant DRM holder.
    Got a lot of AIC due to (script ) DRM takeover, post Minotaur TO as well and thankfully didn’t follow on in ADN -but pivoted all mep post takeover back into copper in DRM and other Cloncurry, + AIS.
    Though wish them well, an ambitious newer miner with high costs not what I had bought into when buying former DRM. Aeris though I support the MD but it’s been hard with big acquisitions and moves, tough journey with major shareholder dilution & moves towards diversity away from Cobar & to be ultimate bigger mid- tier status.
    Just decided to balance the legacy gains DRM, Minotaur remainder & some recent ais ,with the losses overall — to result in being overall square but was Aeris loss within. This upset me as fact.
    Unpredictability also for shareprices- many costs pressures also on our local miners though they are so important.
    Aeris & copper have followed so long and yet an overall significant loss result. A lot to wear as a shareholder compared to other stocks, corollaries also to hear & the sp gyrations through the past years, since 2016 also.
    Interest rate returns/costs for companies ,even bonds are cheap now- so sold more late last week on bounce , bringing money to sidelines in uncertainty while reassess.
    Costs and major needed developments concern me and perhaps need to sure up funds but I am longterm supportive.

    Which brings me more to here and also significant holdings more now.
    Is it fair to think of SWM as a bet on Western Australia? Critical mining and growth in years ahead.
    SWM also down overall still & this is also not good but fortunately had only nominally invested higher above 60s /70.
    Before this had bought back in maybe 2017/18 but stopped out.

    I am curious how there are not more positive posters- so few companies as profitable as here, going to be a dividend payer, and yet so sold down.
    In short I’m a bit over holding and waiting the years while value being sured up and significant acquisitions made and capex and company making growth paid for by common shareholders including in opportunity costs while holding. I also had been high conviction Tassal holder - like Minotaur and DRM, taken over last year.

    Interest rates so high and have investment property debt - want to buy at average very good cost , be worth the risks.
    SWM - the costs have been paid , low level debt now being easily met by returns, & best use of shareholders capital now being towards a buyback as well. The shares are very good value here- unlike buybacks some much larger companies, who raised capital at low shareprices.

    What is likely to happen here though- do we get eaten into SVM? (rallied attractively in the past months)
    Why is the shareprice so low, other than being regarded as a legacy business and stubbornly still not paying dividends.
    The chairman last bought shares at 58c ?

    Last edited by Aqua65: 05/03/23
 
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