"As a result, the group will need to continue to work to replace these revenues across a more diversified base to support future growth...”
"next change in growth as we look to further diversify our revenue and serve as a catalyst to support a step change in future growth…”
Reading between the lines, the other way of interpreting these comments is:
"If we do not manage to diversify our revenue, there is going to be an on-going step down in future growth."
Hence my concern (especially with CEO and board tendency to empire build, this is not SSM specific, but is always a key risk with all listed companies where there is no major insider that is protecting shareholder capital) that the CEO and the board will be pressured to make an acquisition just so they can achieve growth.
SSM Price at posting:
85.5¢ Sentiment: None Disclosure: Not Held
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