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 to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.91 |
Change
0.010(0.53%) |
Mkt cap ! $1.176B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.91 | $1.89 | $2.632M | 1.381M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15504 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 63558 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| SSM (ASX) Chart |