Debt is $564m
Cash at bank after Bauer deal should be $150m plus I believe.
The interest on the debt would be minimal in the current market and the money would be better utilized IMO on a buy back.
Profit was $120m before significant write downs so last FY company was doing ok. Obviously this will be impacted by covid-19 but as everyone is in isolation watching TV I am sure there will be some upside in advertising.
Anyway IMO capital management is important and buying back shares at these levels is good capital management.
SWM SHARE BUY BACK-- capital mangement, page-3
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $261.6M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 17.0¢ | $80.74K | 474.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1234571 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 52887 | 5 |
View Market Depth
| Last trade - 12.07pm 10/09/2024 (20 minute delay) ? |
| SWM (ASX) Chart |