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
18.3¢ |
Change
0.003(1.39%) |
Mkt cap ! $280.8M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $16.14K | 88.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 525528 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 334770 | 12 |
View Market Depth
| Last trade - 14.09pm 03/07/2024 (20 minute delay) ? |
| SWM (ASX) Chart |