SWM does have a higher level of debt than Nine but also does have higher earnings. End of the day though I think the future of these two stocks are intertwined and to use TA in isolation to state one as a dog whereas be bullish on the other is a somewhat simplistic approach. Indeed NEC is shorted at 5x the rate of SWM (source - shortman), so the so called smart money wouldn't agree with your thesis. Furthermore, if you look back at NEC one year ago they were also tracking at multi-year SP lows and no doubt would have had experts warning of impending doom. Instead the stock returned circa 50% over the year.
SWM have their job ahead of them to see a bounce. They need to cut costs in areas of decline whilst maintaining their relative strength in sport, news and light entertainment. More importantly perhaps they also need to create a believable vision for the future so that the market believes that there is a sustainable business model.
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $246.2M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.5¢ | $133.6K | 830.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 97469 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 566094 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 97469 | 0.160 |
6 | 518193 | 0.155 |
22 | 645113 | 0.150 |
3 | 322849 | 0.145 |
7 | 97679 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 541094 | 8 |
0.170 | 51214 | 5 |
0.175 | 209297 | 8 |
0.180 | 407688 | 9 |
0.185 | 207595 | 5 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
SWM (ASX) Chart |
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