STW doesn’t ad up

This marketing company is changing strategy but argues that dividend cuts and capital raisings are off the table. Jon Mills investigates.

Imagine a company that operates in an industry that’s cyclical at the best of times but that currently faces additional uncertainty from being ‘disrupted’ by new technology. The company has been frantically trying to buy the right businesses to meet this challenge, with the result that debt has shot up and banking covenants have come under threat, forcing management to rein in its plans and take the knife to its sprawling empire.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles