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SWM - Seven West Media

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As you say @finicky it is the contrarian buys that usually make the biggest gains, you just have to pick the winners.
Seven West is a pretty well run company I think, from my point of view I just wonder how the free to air model will fare longer term , I guess i would probably be more interested in SVW, but everyone to their own.
They were a great buy in the covid hit crash.:xyxthumbs
 
SWM gaining momentum @ 0.51c +6.25% .. upcoming FY22 results released next Tuesday 16th Aug
 
Seems I've luckily timed my entry well given SWM @ 0.52c +8.33% on big volume/momentum etc.

Seven West Media : Birmingham 2022 wins gold with view... | MarketScreener

m.marketscreener.com
 
SWM market depth bullish with huge bids stacked up @ 0.50c-0.505c
in noting buyer's outnumber seller's almost 5:1 ratio
 
Deserved sacking.

Seven West Media chief executive and managing director James Warburton has stepped down from the top job effective immediately

The announcement comes after former Spotlight producer Taylor Auerbach gave evidence in Bruce Lehrmann's defamation case against Network Ten and journalist Lisa Wilkinson.

The federal court heard allegations the Seven Network paid for illicit drugs and sex workers for Mr Lehrmann in order to secure an exclusive interview

On Wednesday it was announced the student falsely accused by Channel 7 News as the perpetrator behind the Bondi Junction stabbing that left six people dead would pursue legal action against the network.

A 7 News spokesperson told the ABC the "mistake was human error and it has been rectified" and that "Seven sincerely apologises for the error

James Warburton steps down as Seven West Media CEO with immediate effect

Seven West Media chief executive and managing director James Warburton steps down with immediate effect.
www.abc.net.au
 
A 7 News spokesperson told the ABC the "mistake was human error and it has been rectified" and that "Seven sincerely apologises for the error."
Click to expand...
how many apologies ? a couple of hundred thousand big ones, I hope.
 

Networks seek legal advice as gambling signs evade ad ban​


This is going to get through, it was inevitable following the harms caused by gambling during covid-19, public opinion is very much on the side of banning these ads. No wonder News Corp is trying to sell Foxtel.

Surely if this gets through this could lead to the end of all traditional media around sport as we know it.

When you consider that Seven West Media paid $4.5 billion dollars for the rights for the AFL for 7 years, the ban on gambling advertisements will make that deal just about worthless.

Dark days to come for Seven in my opinion, Full year results are out on Tuesday, I anticipate a lot more pain to come. Traditional Media truly is dying.

Not held
 
a ban on gambling ads will make several sports worthless as well , reduced TV. rights less gambling share revenue , and probably a smaller audience

i hold SVW ( the major holder of SWM )

the games console makers must licking their lips ( public transport operators , not so much )
 
divs4ever said:
a ban on gambling ads will make several sports worthless as well , reduced TV. rights less gambling share revenue , and probably a smaller audience
Click to expand...
I'm unconvinced either way.

Big sports kicked up a huge fuss a generation ago about losing tobacco advertising but it didn't kill them, to the contrary the sports got bigger not smaller.

40 years ago it seemed most sport was sponsored by pure evil. One tobacco company had naming rights sponsorship of cricket and got itself named constantly, since commentators had to refer to it by the sponsor's name, and another tobacco company did it with NRL. Meanwhile motor racing was sponsored by an asbestos company which held the naming rights to Bathurst.

Is there nobody else wanting to sell anything who'd fill the advertising void at a probably lower but not zero price? Supermarkets, airlines, communications or utility companies, insurers, banks, car manufacturers etc?
 
so, first it was tobacco , now gambling , what next ? alcohol ( or is that already banned ? ) what abort ice-cream and 'fast foods , maybe religions ads will be banned ... soon only 'official government announcements '

after all , ads are about generating extra sales for the advertiser ( and bans reducing sales of the potential advertiser

imagine sports without the sponsorship and patronage of vested interests . who is going to fill those corporate boxes ( another lucrative source of income .
 
Good evening
Sad looking chart ...
Daily


07/11/24 - AGM address and trading update - see attached

• As anticipated, first half FY25 trading has been mixed, reflecting the impact of the Olympics. Based on performance to date and forward bookings, Seven’s revenue for the first half of FY25 is currently pacing down ~ 6.5%. • When adjusting for one-off events (such as the FIFA Women’s World Cup and the Paris Olympics) we estimate Seven’s underlying first half revenue will be approximately 1% lower than the same time last year. This has been powered by strong content on Seven and 7Plus and, in particular, premium sports content including the AFL finals and cricket which will continue through the year. • SWM remains on track to deliver full year net cost reduction of $20 $30m versus FY24

Not holding
Kind regards
rcw1
 

Attachments

  • AGM-Addresses-and-Trading-Update.PDF
    1.4 MB · Views: 3
Looks like a river coming down a mountainside.
 
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