Seven West Media Ltd

SWM Details 
· Scandal hurting the stock sentiment:Seven West Media Ltd (ASX: SWM) stock lost over 7.9% on December 19, 2016 due to news relating to a possible scandal involving key person of the group’s management. Tim Worner, the group’s CEO faced allegations of having an affair with a colleague who later got a huge financial settlement. But, the group reported that Tim Worner would remain in the CEO role. Moreover, management revealed that this settlement deed was approved by the relevant board committee.
· Recommendation: SWM stock recovered over 19.9% in the last four weeks (as at December 16, 2016). We give a “Hold” recommendation at the current price of – $ 0.75

Sirtex Medical Ltd

SRX Details
· CEO’s temporary leave added to the stock decline: Sirtex Medical Ltd (ASX: SRX) stock lost over 4% on December 19, 2016 while the group has engaged its legal advisers, Watson Mangioni, to coordinate an investigation into the share trading by CEO, Gilman Wong in October 2016. Mr Wong has taken a temporary leave until the investigation regarding his possible wrong-doing is completed.
· Recommendation: SRX stock lost over 45% in the last four weeks (as of December 16, 2016) due to the group’s lower than estimated performance in Americas and EMEA regions as per their recent trading update. On the other hand, the group forecasts a better second half of 2017 performance. We give a “Hold” recommendation at the current price of - $ 14.94

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