yes,we see difference.I noticed some people hold an opinion that stole try to drive share price down then increase his stake and control by buy buck, please explain why seven only spend 15 million to buy around 2.5% of issued share given market cap less 3*EBITDA , on the contrast non-controlling shareholder NEC spend 150 million buy back 75 million shares which represents over 5% issues shares. the cost of NEc obviously more debt, weaker balance ,more interest to pay of debt.why ? what I tend to believe controlling shareholder focus long term business intrinsic value ,operating efficiency etc. but employed agency more concern market price as I believe their redundancy more related market price performance.Seven James said that before"every dollar spent is to drive up revenue or reduce then debts. let's hope that is true.
SWM Price at posting:
39.8¢ Sentiment: Hold Disclosure: Held
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