Value Proposition, page-28

The watershed moment, one of many perhaps, will be financial results firstly half year in February and FY20 in August.

SWM have flagged EBIT full year around $190M, which will enable further reduction in debt and if achieved with solid progress in reducing costs, might giv3 some comfort to the future viability of the company.

Hopefully we won’t see mid January a confession telling us that previous guidance was wrong, would have thought that if this was the case then we should have heard by now.

I don’t see SWM going into receivership or liquidation, but sharemarket value will reflect earnings and if good progress is being made with cost reduction and revenues bubble along we will see market re rating soon