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Swick managing director Kent Swick.

Swick cuts staff, flags lower earnings

Swick Mining Services has forecast lower annual earnings and cut more than 100 staff in the space of 12 months amid challenging conditions in the mineral drilling sector.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/12/18

1 year TSR5 year TSR
211thJoyce Corporation4%35%
314thSwick Mining Services-10%-4%
331stValmec-11%-9%
396thFinbar Group-22%-7%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/06/18
$22k Bought
21/06/17
$1.1m Other
21/06/17
$1.1m Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

34th↑Finbar Group$154.8m
35th↑Swick Mining Services$138.2m
37th↑Valmec$106.1m
39th↑Joyce Corporation$97.3m
237 listed industrial companies ranked by revenue.
Source: Morningstar

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