If they don't do a buy back or a dividend, expect SWM to tank back down. Reasons you ask?
Look at every single announcement in the past 2 years. All have been massively positive and they TANKED hard and they were all in times of low rates, no wars, no supply chain issues etc.
We are in worse global times. If they don’t do what the funds and investors want, aka give them return for their investment, SWM will fall fast and I for one will join them. This is the make or break time for SWM.
Just my opinion, but I’ve been on this rollercoaster so long it feels pretty easy to read at this point.
Up or Down ??, page-4288
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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 |