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Swoop Holdings Limited ( (AU:SWP) ) has issued an announcement.
Swoop Holdings Limited has announced a strategic shift and board renewal process, responding to shareholder feedback with a ‘Focus. Divest. Grow’ plan aimed at cost reduction and business simplification. James Spenceley will step down as Chair but remain as an independent non-executive director, while a nomination committee will seek new board members with expertise in telecommunications and governance. The strategy focuses on asset sales, margin expansion, and cost reduction to enhance shareholder returns and concentrate on organically growing its Mobile and NBN products.
The most recent analyst rating on (AU:SWP) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Swoop Holdings Limited stock, see the AU:SWP Stock Forecast page.
More about Swoop Holdings Limited
Swoop Holdings Limited is a national provider of data, mobile, and voice services catering to channel, business, and residential customers. The company focuses on its own fibre and fixed wireless infrastructure, aiming to deliver ultra-reliable, high throughput, and flexible telecom network services. Swoop aspires to become Australia’s leading challenger in the internet and telecommunications sector.
Average Trading Volume: 115,346
Technical Sentiment Signal: Sell
Current Market Cap: A$28.95M
Find detailed analytics on SWP stock on TipRanks’ Stock Analysis page.