SWM 2.86% 18.0¢ seven west media limited

Positives for SWM during Covid

  1. 463 Posts.
    lightbulb Created with Sketch. 73
    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.
 
watchlist Created with Sketch. Add SWM (ASX) to my watchlist
(20min delay)
Last
18.0¢
Change
0.005(2.86%)
Mkt cap ! $277.0M
Open High Low Value Volume
17.0¢ 18.0¢ 17.0¢ $551.8K 3.109M

Buyers (Bids)

No. Vol. Price($)
8 344568 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 618017 8
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
SWM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.