Yes, sentiment is bad at present, SP at 4 year lows, chart looks awful, revenues falling and costs need containment to pay the bills.
However, as a contrarian investor, I foresee a good bet that the advertising cycle will turn at some point and fair value of SWM on metrics is around 40 cents a share. I’m betting on this and prepared to pick up small parcels (did do today) to add to my modest holding. Might go lower, might not. DYOR
Yes, sentiment is bad at present, SP at 4 year lows, chart looks...
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $246.2M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.5¢ | $923 | 5.515K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 605300 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 838866 | 12 |
View Market Depth
| Last trade - 12.17pm 08/11/2024 (20 minute delay) ? |
| SWM (ASX) Chart |