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.
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.62M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36958 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.3¢ | 3160 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 36958 | 0.021 |
1 | 171439 | 0.020 |
1 | 110000 | 0.018 |
1 | 500000 | 0.016 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.023 | 3160 | 1 |
0.024 | 500000 | 1 |
0.025 | 100000 | 1 |
0.026 | 94179 | 1 |
0.030 | 41176 | 1 |
Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
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