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.
Back of the envelope,SSM appears to have 30% EDITDA upside in...
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Last
$1.39 |
Change
-0.013(0.89%) |
Mkt cap ! $854.6M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.40 | $1.39 | $140.4K | 100.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4687 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 9189 | 11 |
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| Last trade - 10.43am 01/08/2024 (20 minute delay) ? |
| SSM (ASX) Chart |