SW1 0.00% 1.0¢ swift networks group limited

15c listing price is too cheap

  1. 1,453 Posts.
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    SW1 comes on tomorrow at the open. Digital entertainment to corporate accomodation, 29,000 rooms (up 35% in 2015/16) and growing fast. ONLY 42 mill tradable shares , enterprise value $7.8 mill, $12 mill rev last year, cashflow positive, $4 mill in cash. Management have excellent history of building tech companies.
    This HAS to be a buy given what TV2 has done on $2.7 mill revenue potential in the next 3 years. At one stage today, TV2 was trading at 10x the market cap of SW1.....Crazy stuff
    Did anyone get any? I heard it was massively oversubscribed....
    Last edited by stillade: 31/05/16
 
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