I disagree. If Coalition wins, I'm not clear that SSM would see a dime of that $6B. It would all go to large telecom service providers to build out existing infrastructure, and would only filter down in small amounts to an organization like SSM that provisions the connection.
If NBN goes through as the Labor party wants it, then SSM is a direct contractor to the government of Australia for key infrastructure. That is huge. Those are large projects, and they are mostly higher margin projects than what is SSM's current work profile. Honestly, if NBN goes forward through Labor, it's difficult to even predict how much impact it might have on SSM. It could easily double or triple revenue for six years, after NBN is in full swing.
That Coalition plan sucks, frankly. It's not a plan at all, but just a way to distract people away from the fact that Coalition wants to let the free market do its thing.
SSM Price at posting:
28.2¢ Sentiment: Hold Disclosure: Held
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