Things seem a bit murky with SSM, and definitely NBN doesn't help to clarify things - nothing on their website yet.
As I understand it, NBN has contributed around $430m in annual revenue. This includes a diversity of services, including design, construction, and O&M. The previous announcement of $60m is the continuation of the design / construction works which includes VIC and NSW. But the bulk of revenue and earnings is the O&M. In September their contract was temporarily extended while this procurement was going on, with an estimated $280-330m in O&M across VIC, NSW, QLD, WA, NT, SA an ACT. Now they have been awarded only $70m for QLD, WA NT and SA. So there could be a hole of around $200-250m in revenue for FY22+, or there could be further announcements from NBN/SSM depending on the stage of the procurement. BSA already announced they were awarded VIC, NSW and ACT; Downer not announced anything yet (missed out, or just a gap?).
Ann: SSM secures multi-year Unified Operations Agreement with NBN, page-25
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Last
$1.39 |
Change
0.035(2.59%) |
Mkt cap ! $828.4M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.39 | $1.33 | $605.7K | 443.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 31850 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 5933 | 9 |
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| Last trade - 13.04pm 17/07/2024 (20 minute delay) ? |
| SSM (ASX) Chart |