You can find most of this information in their Half Year results presentation and comparing to their contract with the NBN.
Although it seems there will be a drop-off, this is easily subsidised by the new 5G agreements, Sydney Water contract, OMNA and NMRA extension announced in September. Management has a great history of executing and delivering contracts.
The NBN contract is also for the maintenance of the network, so the revenues will continue to stay in play over the duration of the extension of the contracts, and these contracts have only been growing in revenue over FY18 and 19.
As SSM are awarded contracts, they are also paid for years to maintain them. This builds up foundations for growth and solid, steady revenue.
Service Stream has set their guidance on a similar path to the 1H financial results and has yet to revise guidance, which in the current circumstances is rare. Only, 40 of the ASX 200 have not withdrawn guidance, Service Stream is one of them.
SSM Price at posting:
$2.14 Sentiment: Buy Disclosure: Held
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