nice post optimistus. In the same boat as you, but holding the...

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noomxx

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21/09/21

11:27

Post #: 56232244
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Originally posted by optimistus: ↑

1. They have some sticky franchises in Comdain etc.
2. The Capital Raise at 90c was fully underwritten. Plenty of folks thought there was value at 90c.
3. They've just paid $300m for the LL business (60% of the current market capitalisation), I think most people are still looking at the original business.
4. The profitable nbnCo services work has been winding down and having visibility of that the market is extrapolating that into the future.
5. Management has skin in the game
6. Having paid good money to Lend Lease I don't think they'll muck around cutting any bits that don't make a dollar (see point 5)

I may well have bought in too early, I often do. And $500m market capitalisation for a network services business? What was I thinking?

Partly a symptom of sitting on a lot of cash after taking profits in SRG (still holding a lot but I was massively overweight) and IRE a few weeks back (and cashing out of KGN more recently) and looking for bargains in which to invest some of it.

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nice post optimistus.
In the same boat as you, but holding the position.

SSM Price at posting: 74.8¢ Sentiment: None Disclosure: Held
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0 Great analysis

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