I don’t think logic has anything to do with it, this is at the current price a very cheap stock, yet no price appreciation! Why? is the share price as I have mentioned before being somehow suppressed by the very lack lustre BUYBACK? Could Credit Suisse stack the sell side to make it appear a stock under price pressure? Kerry Stokes and CREDIT SUISE would be able to answer that question. The biggest daily buyback volume was the day it dropped on open to 30 cents, that day they could have bought back many more than they did why didn’t they? We are in a much better position now than we were 2 years ago yet the share price is lower, WHY? Because no dividend yet? Because KS is in full control and no one wants to take a position in a listed semi privately run organisation with no prospect of a takeover because of that or maybe some antiquated governmental regulations to do with competition.
just my ramblings nothing more.
SWM Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
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