I can't quantify the upside around a buyback, but there's certainly very little downside here.
The biggest drop in advertising revenue from any recession was ~9% in 2008. A 15% reduction in revenue should lead to about a 50% drop in earnings (hard to quantify the op leverage).
Even so, that would still leave SWM on a single digit multiple, at the bottom of the cycle, with a clean balance sheet and likely the strongest performing BVOD biz going around.
I get the feeling my position should be bigger...
Up or Down ??, page-4237
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $269.3M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.0¢ | 17.0¢ | $284.5K | 1.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 212612 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 597139 | 4 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| SWM (ASX) Chart |