MEDIA REPORTS, page-1405

I'm at 9c average yaycar. Its on millions of shares. I've bought over 30 times from 6.5 to close to the last peak.

I see value upto 11c with a view of 50c in the future.

I have paid more than 11c, but I have a large qty at sub 7c to offset.

I see swm as an oversold recovery stock. Certainly not a day trading short term stock.

The key to swm is getting debts down, this removes financial risk for them.

Still I'm not 100% correct, I just hope I am on swm and all will be sweet.

I like oversold were the fundamentals do not match the value. Ie 240m ebit pa, cap 146m.

Swm is valued at less than 1 years profit. One does not see this to often.

Im looking at headline profit and ignoring the write down as the write down was not caused by operations.