Possible advantages/positives for SWM during COVID
1) Forced ACCC hand to agree to Magazines sales well before date to Baeur $40M as well as $6.6M in advertising over 3 years. Deal done pre-COVID, so price should be good.
2) Sale of land in WA Osborne park to Prime West to reduce debt by $75M
3) Weaken Prime media position of Catalino further and possible chance of takeover by SWM at a later stage.
4) Take advantage of JobKeeper cash splash
5) Renegotiate all sports deals like AFL and reduce contract pricing.
6) Job cuts easy for management of non-performing parts of the business during tough times
7) Postponed and deferred payment for Olympics, may be up for further negotiations who knows.
8) Big Boss good rating
Fingers crossed, more good news on the way. Share price heading the right direction.
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Open | High | Low | Value | Volume |
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18 | 789196 | 0.165 |
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8 | 614900 | 0.155 |
9 | 89150 | 0.150 |
Price($) | Vol. | No. |
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