I brought SWM today after following all your comments for some time. First time I’ve owned them.
Here’s my reasoning for purchasing ( and I’m a novice investor unlike some of you so I’d love to know your thoughts)
- almost end of tax loss selling
- afl back soon will see huge consumption of 7
- Perth sale reduces debt a bit plus mag sales
- corona restrictions lifting. More money spent in community =more revenue for media
- staff redundancy’s and cost cutting
- if 7 get job keeper which i assume they will, it would be worth tens of millions plus reducing staff hours means very cheap staff for 6 months.
- stokes. I don’t think he will let this go under
- I also don’t think there’s a chance they’d CR with share prices this low. If it got back to 20 cents they might be tempted but not 8.9 cents ?
that’s why I brought them. I think they have been massively oversold.
My only fear is they won’t navigate their way out of this and they go belly up.
I think give this stock four months and maybe 20cents is possible
id love to know what you all think and I look forward to following this page.
best of luck
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $269.3M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 17.5¢ | $340.1K | 1.898M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1227295 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 227223 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1227295 | 0.175 |
21 | 1158718 | 0.170 |
7 | 472125 | 0.165 |
7 | 464153 | 0.160 |
6 | 568290 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 227223 | 5 |
0.185 | 489383 | 4 |
0.190 | 335360 | 9 |
0.195 | 138590 | 7 |
0.200 | 167173 | 6 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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SWM (ASX) Chart |