Sell-off seems surprising, given that SWF is in that rare situation of being a microcap that is cashflow positive, and trading at a reasonable cashflow multiple after backing out net cash. Nearly every shareholder is underwater at 12.5c, so one must think the selling must come to a stop soon.
Also somewhat surprising that investors selling now aren't even bothering to wait until next week, when the on-market share buyback begins. Surely you'd get a better outcome as a seller, selling when a large buyer starts coming into the market to soak up shares?
SWF - General Discussion, page-72
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Last
12.5¢ |
Change
0.003(2.04%) |
Mkt cap ! $29.24M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.8¢ | 12.0¢ | $72.56K | 581.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 562483 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 123057 | 6 |
View Market Depth
| Last trade - 14.57pm 21/06/2024 (20 minute delay) ? |
| SWF (ASX) Chart |