SWM 2.78% 17.5¢ seven west media limited

Moving Forward, page-9

  1. 34,209 Posts.
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    It is a Catcher in the Rye moment for SWM in Australia at the moment. It is the top ranking news story not due to just Fairfax but Newscorp too, no need for a flag on the play, no need for a seven official system with a great head referee and umpire. It is an all in with the head linesman, line judge and field judge failing to control the play. See the article below
    www.heraldsun.com.au/news/amber-harrisons-friends-hit-out-at-channel-7-for-using-annual-interim-results-to-criticise-her/news-story/904aa840ba3b7331ecb9cffab13f6fd3
    The issue might be impossible to end given the governance gib. It is hard to attach responsibility for something like this: Investor Relations, Corporate Comms, CEO, Coy Sec: impossible to make a call on the play.

    The market is looking for dip opportunities but the interim order might be hard for the SWM Attorneys to turn into a permanent injunction.
 
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