First tranche to refinance is in 2021, second tranche in 2022 I think (see annual report from 2018).
The keys for SWM is successful asset sales as this allows them to pay down debt. I think the drop in revenue from Coronavirus and its impact on debt covenants is just noise - but will make it quite a volatile ride and possibly not a good time to buy. Once debt is lower, I think they'll get taken out by a NewsCorp or somesuch. Murdoch didn't get control of TEN.. doubt he's stopped looking. Note also, SWM have a blocking stake in PRT. This is good as it ensures they aren't left stranded. NEC is also with Fairfax. Does this leave SWM as the only broadcaster left?
MEDIA REPORTS, page-21
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $315.5M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $190.4K | 935.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 428083 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 225662 | 4 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
20.0¢ |
Change
0.000 ( 2.44 %) |
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| Open | High | Low | Volume | ||
| 20.5¢ | 20.5¢ | 20.0¢ | 267510 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| SWM (ASX) Chart |