SWM - Seven West Media

[notting]

Been showing uncanny strength over the last week whilst the rest of the market has been very volatile.
Somethings UP

 

[notting]

https://www.aussiestockforums.com/forums/showthread.php?t=5351&p=896707&viewfull=1#post896707

All went splendidly but got stopped today.
Did not see that coming.
What not even waiting to get close to that 4% div?
Very bad day on a very bullish day. :dunno:

 

[notting]

Looks like investors wanted a full take over not a partnership.

 

[notting]

Looks like investors wanted a full take over not a partnership.

I was talking about Yahoo if you don't get it.

 

[pixel]

How the once Mighty have fallen...
Kerry Stokes bought in above $14...

Okay, the dividend, 4cFF, beats bank interest, and now that the takeover of Sunday Times and PerthNow has cleared the regulatory hurdle, things may look up for a while. I take the chart pattern as a Morning Star, suggesting a reasonable bottom reversal.



I hold some and consider topping up at current levels.

 

[notting]

Here's hoping the morning star can outshine the death star eclipsing print media; as I tap away to my screen!

 

[notting]

Not often you see people so happy with increased costs sames forcast on earnings and 8% ff dividend suspended!

 

[greggles]

13 April 2018

Cricket Rights Statement

In response to media speculation concerning cricket rights, Seven West Media Limited (ASX:SWM) advises that it has been informed by Cricket Australia that it is the successful bidder with Foxtel. Contracts are being finalised but are not yet signed. A full announcement will be made on signing this afternoon.

SWM up 10% today on news that it has acquired cricket broadcast rights from Cricket Australia. Foxtel is the other successful bidder.

 

[pixel]

Short NEC, go long SWM
it's a no-brainer

 

[greggles]

SWM just can't seem to catch a break. Between April and August last year it more than doubled in price, but now it's back where it started and after today's Half Yearly Report the road ahead is looking particularly challenging for the broadcaster.

It's found support again at 50c but after today's results, it's going to struggle to find momentum in the short term. Sadly, the long term isn't looking much better IMO.

 

[notting]

Tanks for 15 days leading up to an earnings downgrade announcement.
Then spikes off the announcement.
I think they call it insider trading!

 

[flightcrank]

How the once Mighty have fallen...
Kerry Stokes bought in above $14...

at close yesterday its @ 0.07c a share. how much lower can it go ?

 

[galumay]

Look at the debt to equity! Could go all the way to 0.

 

[Telamelo]

Seven West Media SWM @ 0.475c +6.74% is catching a bid today.. noting FY22 results will be released on Tuesday 16th August (am guessing chance/likelihood of a fully franked dividend possibly coming our way imo).

Not investment/trading advice per say so please DYOR

Cheers tela

 

[Garpal Gumnut]

Seven West Media SWM @ 0.475c +6.74% is catching a bid today.. noting FY22 results will be released on Tuesday 16th August (am guessing chance/likelihood of a fully franked dividend possibly coming our way imo).

Not investment/trading advice per say so please DYOR

Cheers tela

I've never had a win whenever I've had a poke at SWM, so I'll leave it to you @Telamelo

gg

 

[sptrawler]

I've never had a win whenever I've had a poke at SWM, so I'll leave it to you @Telamelo

gg

I'm with you, never been successful with media stocks.
Having said that, when I watch channel 7, it appears to me, there are more ads than content and the reason we tape everything on a PVR.

 

[Telamelo]

I've never had a win whenever I've had a poke at SWM, so I'll leave it to you @Telamelo

gg

SWM @ 0.495c +6.45% (new 6 week high)

 

[Garpal Gumnut]

SWM @ 0.495c +6.45% (new 6 week high)

From the Financial Times today on media companies.

The largest US media companies have collectively shed nearly $400bn in market value this year, as recession worries, an advertising slowdown and post-pandemic audience trends ignited a “perfect storm” for Netflix and its peers. Big US media stocks have fallen on average by 35 per cent since the start of the year, compared with a 13 per cent decline in the S&P 500 index, resulting in total losses of $380bn in market capitalisation. Even after recovering somewhat in the past few weeks, the stock prices of the largest media groups — Disney, Netflix, Comcast, Spotify, Roku, Fox, Paramount, Warner Bros Discovery, The New York Times and News Corp — have halved on average from all-time highs reached during the coronavirus pandemic, according to Financial Times analysis. Executives and analysts blamed a confluence of factors for the bursting of the Netflix-fuelled bubble in media stocks. As the US and other countries emerge from the pandemic, they are spending more time outside and less time at home watching their screens. At the same time, Netflix revealed that its decade-long growth has stalled, spooking investors about the health of the entire industry. These problems have coincided with broader fears of a recession in the US, as central banks raise interest rates to tame soaring inflation and Americans contend with tighter household budgets.

gg

 

[sptrawler]

From the Financial Times today on media companies.



gg

Spot on GG, you still have to keep everything in context, it depends a lot whether you're a trader, or looking for longer term growth IMO.
I can see tough times ahead, when 'free to air' T.V becomes 'live but not free'. But I've been wrong before.

 

[finicky]

Wow, at its recent Feb high this was a >10 bagger from its Wuhan lab leak Covid low (had to get that in).
A contrarian buy for which I would have remained a herd member due to debt. Goes to show again that these quite often provide the big wins (at apparent high risk). St Barbara (SBM) at its nadir was one I looked at but rejected because of precarious debt. Got a feeling that NWH was once in a similar situation.