Like the company but thought it was poor form releasing this after close the day before a public holiday. leaves a poor taste in retail and insto's mouths. Will be topping up soon although in these situations you rarely see a quick bounce back. I don't believe the Olympics will be the kicker for the competition that most people think. Foxtel will have a much better coverage. Good chance Nine will lose the NRL ( really only relevant for Qld and NSW) . The whole media space is interesting this year. But i agree with earlier posters . Even if dividend is cut it will still yield well and i read some time back that one of the insto's would welcome a dividend cut so debt could be reduced rather than trying to 'live up" to a stellar yield
SWM Price at posting:
$2.73 Sentiment: LT Buy Disclosure: Held
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(20min delay)