Solid result and confident outlook, increase cash on hand and most likely SSM will lock the future work with the NBN and 5G on the telecommunication Division, NBN is locked till Dec/20. once announcing a further extension to contracted work on hand SP may react positively.
Div for the year 9c fully frank = 11.7c PS for retirees, great income flow for SMSF retirees. better than the Banks and currently no threat to this payout levels. the Div may put a floor under the SP.
In a crazy world, boring is refreshing.
Ann: Service Stream FY2020 Results Announcement, page-9
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