If I were to buy the investment thesis would be purely based on ramp up work from the NBN and nothing else. This is because it appears in FY15 substantially all of EBITDA improvement came NBN work (http://hotcopper.com.au/posts/16719509/single).
If I was a holder I'd be wanting to watch the NBN work very closely because as the ramp up slows it would signal to me, all else being equal, that it was time to exit the investment.
GLTAH
SSM Price at posting:
49.0¢ Sentiment: None Disclosure: Not Held
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