Market is sick of SWM being the plaything of Kerry Stocks and...

Market is sick of SWM being the plaything of Kerry Stocks and Seven Group Holdings.

That's why it trades at a massive discount, and will continue to trade at a discount to Nine.

Yeah great I have some shares in SWM, but will I ever receive a dividend? Ask Mr Stokes
Will I get bought out at a premium: Ask Mr Stokes

Will the on market buy back be a serious attempt to buy back shares or just nominal pitiful buy backs every day: Ask Mr Stokes

Everything is Ask Mr Stokes.

The market in its collective wisdom knows this.
SWM is not being run for the benefit of the shareholders as a collective whole.

Its being run for the benefit of Mr Stokes, and the agenda of Mr Stokes is probably very different to long suffering small shareholders.