We are in a casino economy. RDD said ORG would go high when it was at $4.6, now it's languishing at $4.16. Energy markets are undergoing major shift, readjusting to renewable energy. I am bit dicey about how that will play out with those looming huge write downs in that sector and shorters coming into play. Everyone has a view and that's perfectly fine. We all get it wrong at times, unless you are a insider or part of the big boys gang.
Personally, I feel 60c is under valuation for SWM after the google/fb announcement.
If JW is true to his words, debt will be reduced to negligible by Dec 2021
Also, media industry is less impacted, actually benefited by covid compared to other sectors. Some sectors may get decimated by covid and trade war. Everyone takes a punt and position. Time will tell. Media industry is a somewhat safe bet in times like this. All the best
We are in a casino economy. RDD said ORG would go high when it...
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $269.3M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.0¢ | $126.8K | 732.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 196962 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 403663 | 4 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SWM (ASX) Chart |