Back of the envelope,SSM appears to have 30% EDITDA upside in FY17. 2H of $19-20m annualised, plus three contracts won, all starting in the 2H16 (nbn maintenance, Optus contract and nbn construction)equates to a minimum of $40m. Nbn is due to release additional contracts in July / August, and the rollout speed of nbn is accelerating. With guidance of $35 m EBITDA, SSM should do around $45m next year.
Good prior points about being a contractor, but nbn appears to be in a sweet spot for a while. One to hold for the growth over the next few years.
Ann: Service Stream updates earnings outlook for FY16-SSM.AX, page-20
Add SSM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.56 |
Change
0.030(1.96%) |
Mkt cap ! $960.8M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.57 | $1.53 | $1.122M | 723.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5040 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 5040 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| SSM (ASX) Chart |