It would be difficult to find a better inflation hedge than SWF at the moment.
Consider the following (reasonable I hope) assumptions:
- Cash rate at 1.85% by end of 2022 (lower than most banks now expect)
- Cash rate at 2.6% by July 2023 (lower again than most expect)
- Modest 5% quarterly growth in cash holdings by SWF
- Management does absoluetly nothing between now and the end of FY23.
The FY23 result looks to be around a $14M positive operating result, and $26M in cash, by doing nothing. Imagine if management actually does something, what it could be.
It's been more than 3 years since I topped up on SWF at 7.5c, but now sorely tempted again given these circumstances.
It would be difficult to find a better inflation hedge than SWF...
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $27.68M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $17.85K | 148.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 54011 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| SWF (ASX) Chart |