Swift Media

New management brings a Swift turn around

Dean Fergie from Cyan Investment Management selected 3 of his favourite stocks during a presentation for Reach Markets’ Meet the Fund Manager series in March 2021. Swift Media Ltd (ASX:SW1) was one of them. All 3 company spokespersons were invited to join us to present at a subsequent Meet the CEO event. Swift’s CEO Pippa Leary joined us on 31 March to provide the inside scoop of the business. This article is a summary of some of the information Pippa Leary and Dean Fergie shared in the webcasts.

ASX: SW1Price A$0.025

52 Week Range: A$0.016 - $0.049

Market Cap: A$14.466m

Sector: Entertainment

Date of Report 14/07/2021

Digital media service provider, Swift Media, is hoping to double its revenues by 2025 with the imminent launch of a new product that’s caught the eye of fund manager Dean Fergie.

The new product, Swift Plus, has been designed specifically for aged care homes where residents typically struggle with the complex user interfaces.

Elderly Australians will instead be able to access Swift Plus content using a simplified ‘channel up, channel down’ system, and supports CEO Pippa Leary’s vision to double revenues by 2025 by evolving Swift’s product offering and sales strategy.

Mr Fergie, director and portfolio manager with Cyan Investment Management, said Swift Plus’ launch should serve to catalyse further growth.

The company also appears to be “undervalued” and “pretty much off the radar” for most investors, Mr Fergie added, owing to previous mistakes made by past managers.

Under Ms Leary’s guidance however, the business has successfully cut costs and greatly improved its capital position, and presently holds a number of long term contracts with large clients.

“All the numbers are pointing in the right direction. They’ve gone from an EBITDA loss to a positive EBITDA, cash flow has increased, they’ve increased their cash position, and they’ve raised a bit of money. Everything is going in the right direction,” he added.   

“It’s a small turnaround story that’s worth having a look at.”

March 12th, 2021

To view more videos from Dean Fergie’s Meet the Fund Manager session, click here.

March 31st, 2021

To view the full Insider – Meet the CEO’s Session, click here.

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