SWM is at all time lows, reflecting the diminishing value of free to air media and newpapers.
New CEO James Warburton has tried to acquire Prime media, but this has hit a roadblock as well as the magazine sale.
Notwithstanding this, SWM is still foreshadowing EBIT of around $190M for FY20, and focussing on debt reduction to keep banking covenants at bay.
Those with a sane sane view of the future which includes still a solid role for free to air television with focus on sports and Olympics in 2020 adding to leadership in the free to air space would closely consider buying SWM at these low levels. A return to dividends is likely in FY21
Value Proposition
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SWM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.8¢ |
Change
-0.003(1.32%) |
Mkt cap ! $288.5M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $17.99K | 97.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 479151 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 255166 | 6 |
View Market Depth
| Last trade - 10.42am 19/07/2024 (20 minute delay) ? |
| SWM (ASX) Chart |