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
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.0M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $43.22K | 234.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 236815 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 2465 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 236815 | 0.180 |
8 | 452523 | 0.175 |
21 | 1216189 | 0.170 |
5 | 431125 | 0.165 |
7 | 439773 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 2465 | 1 |
0.190 | 708753 | 6 |
0.195 | 128555 | 4 |
0.200 | 224427 | 9 |
0.205 | 216783 | 4 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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