…..what would have supported the share price was an announcement of the forthcoming DIVIDEND; when? (It could have been a halve a cent which would only cost less than 8million.)Rather than in the “in the second half we will review the the capital structure”…..a cop out! Sorry. This is so uncertain. You simply have to read this for what it says. This could also have read “the dividend may not be reinstated for another 6-9 months or we may just concentrate on M&A or something else, who knows. The market does not like uncertainty. Just with regards to a possible war you just have to look back to 2008 and how stock markets were behaving. Let’s hope they pull there heads in and use diplomacy intelligently.
SWM Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held
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