Pros: - demand on internet speed and bandwidth will always increase - cloud computer and working from home does not work with slow internet! - healthy revenue stream with Comdain acquisition - push to have Australian companies controlling digital infrastructure (e.g. Huawei being given the flick by the Federal Government) - construction of 5G towers after bandwidth auctions in March - continued NBN fiber to the premises
Cons: - sky net - end of greater NBN roll-out - Space X's Sky Net (still >5 years away from this + satellite junk issue) - competition from other D+C and asset maintenence companies (Downer?)
My average buy price is $1.89 and what had me first enticed by this business was the healthy price to earnings. The company did not dip into Job Keeper and was one of the only companies to maintain a healthy dividend. As far as I can tell Leigh Mackender is a great leader and will continue to be so.
SSM Price at posting:
$2.21 Sentiment: Buy Disclosure: Held
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