hj all - I have just taken up a small portion for starters.
some excellent discussion here on the financials, but not being too familiar with all the companies problems over the last couple of years the detail gets bit beyond me.
simplistically what I observe is a company between the years 2008 to 2012 earning a steady 5.5 cents/ shr a year and a cash flow of 6c/ shr. a year in an industry area which is certainly not diminishing.....then the syntheo joint venture with the NBN comes along and throws everything into disarray..... now that the accounting for all of the losses there appears to mostly settled why can't the company go back to earning somewhere near the same profits as previous ?? admittedly the profit margin is average, but at least it has been reasonably consistant...... if this were the case then even with a PE of say 7.0 you would think there would be a good bit of upside in the share price - at least that's what I am counting on..
gk.
SSM Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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