Swoop Holdings sees best day in over 1 yr on FY forecast, buyback

Swoop Holdings

15/08/2022 06:04

** Shares of Swoop Holdings  SWP.AX  jump as much as 23.9%
to A$0.545 — set to mark their best session since May 2021, if
gains hold
    ** Telecom services provider says, on a like-for-like basis,
it expects to deliver FY22 underlying EBITDA of A$12.3
mln-A$12.4 mln ($8.72 mln-$8.79 mln), representing a 151% to
153% jump compared to last year  urn:newsml:reuters.com:*:nASXbzgCxr
    ** Co also announces an on-market share buyback of up to
14.5 million fully paid ordinary shares, representing about 10%
of co's issue share capital
    ** Stock hits highest level since Aug. 4
    ** More than 879,000 shares change hands, compared with the
30-day average volume of about 255,000 shares
    ** Stock has fallen 73.7% this year, as of last close

($1 = 1.4100 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))