Reasons This Could Double

This should easily double (if not triple) from here and here is why:-

• Exposed to 2 great sectors being Mining (riding the $40 billion capex boom) and Aged Care

• Operating a cost effective product offering

• Limited competition

• Significant contract wins from major clients including names like Rio Tinto / Roy Hill(mining) & Uniting / Regis (Aged Care / Retirement Villages)

• Financially the company is at a material inflexion point:-
  • Quarter1 saw 160% increase in EBIDA YOY & is now cash flow break even

• Excellent board of directors with Darren Smorgon (from the Smorgon family) being the Chairman & strong management (Pippa Leary MD is an excellent communicator and presentor)

• Swift recently raised $5 million at a share price of 3.75 cents per share – to execute on its growth strategy in the Mining / Resources and Aged Care sectors

• For the full year 2020 revenues were $23.1 million – materially 83% of SW1’s revenue is RECURRING

Swift has a Market Cap of approx. $24.7 million

Revenues of $23 million

Put bluntly it is NOT unreasonable for a company with 83% of its revenue recurring to trade on a Revenue Multiple of at least 2x – on that basis the share price alone should be double its present level.

From a technical point of view the share price closed above its 50 day moving average on Friday which is a significant positive and lets not forget those savvy operators at Regal Funds Management are substantial shareholders and they generally do a lot of home work before taking any significant position in a stock.

A positive quarterly will see the SW1 share price start to move towards 8 cents and with the potential pipeline of tenders and work onwards and upwards through 10 cents per share.