Guys
feels llke there is nobody else invested here
i have bought a few at 8.9 and 9c in preparation for results
I have based this decision on a few things
firstly SXL result was Better than I thought
second - my assumption is they increased their net cash position over last 6 months
the benefit of the govt support I estimate as the following
grant 4 m
Jobkeeper 3 m
licence fees 4 m ( kind kind this figure - thought it was 6 m but can’t locate
11 m benefit for 32 m business
other benefits include the war reductions and hiring freeze
my third reason for investing is as of Dec they had receivables and cash 20m above payables and debt.
i appreciate is a struggling sector but these numbers allow for dividends to recommence next year and provide cash flow to diversify and ofcourse make it highly attractive to Seven
let’s see if my analysis proves to be correct in 1 week
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