1 - By growing company and share price 2 - By paying dividends 3 - By buying back shares 4 - Keeping shareholders informed and up to date on possible transactions and by allowing votes on said transactions.
SWM REALITY
1 - Brains trust should have seen the Mega shift from FTA much sooner than it did, almost a knee jerk reaction, which almost drowned the company in debt, share price has been on decline for 15 years. 2 - No dividends since 2017, fair enough when they could not afford to pay, but they could have at least payed 2 x 1 cent divs this year. KS is very much opposed to paying dividends. 3 - Announces a buyback, proposed to buy back 192m, bought 50m then no communications to shareholders in regards to pausing, stopping or recommencing back. If we at the low point in the cycle should not management see value in buying back at these levels? 4 - Taking stakes in ARN for $1.10 per share (currently trading @ 88 cents), I personally don’t like this transaction and recently MAD PAWS this one I like a lot, should the intention be to completely buy out these 2 companies, it should be voted on by shareholders or at least give holders a heads up on the future intentions of these 2 stakes.
The only reason I still hold is because of Spheria Asset Management Pty Ltd holding, which gives me a glimmer of confidence.
All of the above are my thought only and not advice.
SWM Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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