Keep in mind that many traders would have purchased stock in anticipation that this would "be the next ehl" without knowing too much about the company itself; just as many traders (myself included) have ridden on the tail of the REIT run over the past few days. Consequently a fair bit of volatility is to be expected as traders start to jump off ssm. I'm confident that ssm will see more traction post-dividend as the games start being played elsewhere. Have we already seen the pre-div highs? Maybe. Have we seen the highs for the stock? No.
Keep in mind that all infrastructure/service providers accumulate debt; itsva matter of how that debt is being managed. With debt facilities not fully drawn, and the next repayment due next year combined with its diverse income stream and potential for new contracts, I'm happy to hold beyond the div date at less than 40c for a minimal risk (good support in the mid 30s and low 30s).
SSM Price at posting:
35.2¢ Sentiment: Buy Disclosure: Held
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