SWM 6.45% 16.5¢ seven west media limited

Debt is $564mCash at bank after Bauer deal should be $150m plus...

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    lightbulb Created with Sketch. 278
    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.
 
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