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Swift Media gains new substantial shareholder in Schroder Investment Management

Published: 23:51 24 Jun 2019 BST

the word SCHRODERS engraved into stone
Shares in the company last traded at 16 cents

Swift Media Ltd (ASX:SW1) has gained a new major shareholder in Schroder Investment Management Australia Limited (SIMAL), which has accumulated a 5.52% holding.

Schroders is a world-class asset manager operating from 32 countries across Europe, the Americas, Asia, the Middle East and Africa.

Swift is a diversified telecommunication, advertising and content solutions provider with services including free-to-air television, pay television, video on demand, integrated advertising and analytics.

It generated $12.46 million in revenue during the recent December half.

READ: Swift Media has a unique combo of technology, content and advertising: Pitt Street Research

A recent research report from Pitt Street Research valued the company in a range of 75 to 84 cents per share.

Pitt Street’s revenue growth and margin forecasts, derived from Swift Media’s new business combination, indicate a value well in excess of its 16-cent share price.

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