Everything I was hoping for has eventuated with this stock.
Reduced Debt
S&P Re-balance inclusion
Continued Ratings Performance
Improved Advertising
Winning AFL rights ( although a little rich will pan out)
Buyback announced (but so far not acted upon) But that's because KS in control.
Which leaves only 1 problem with this stock, KS! and until he either takes it out and puts the title under his pillow, or relinquishes his holding somehow it will be a deterrent for other major holders to come on board.
So for now its a 1 to 2 cents div play for day traders and the only thing that will reduce the day trader activity is to take the share price above tight trading ranges where it is currently stuck.
Its a Hold for me at this price with Buy Back and Rebalance pending.
Up or Down ??, page-4472
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $277.0M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.0¢ | $191.1K | 1.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 548978 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 320154 | 12 |
View Market Depth
| Last trade - 13.08pm 09/10/2024 (20 minute delay) ? |
| SWM (ASX) Chart |