The price rise in this company seems a bit crazy. The market update says they are going to miss the 15% increase in revenue. The current dividend of 2.5c is a 5 percent return on current share price with a fair bit of downside in my opinion. The company has net assets of $320M of which $229.983 million is goodwill! SSM have a significant deficit in net tangible assets. And $10.244 million in dividend payments not recorded as a liability, which further deteriorates their net asset position.
There is a bit of water to go under this bridge.
I sold at 2.15, will buy back at 1.80, page-262
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Last
$1.34 |
Change
0.005(0.38%) |
Mkt cap ! $822.2M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.34 | $1.32 | $281.2K | 210.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14414 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 4594 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SSM (ASX) Chart |