WuGin,Currently Austock Securities Ltd, Intersuisse Ltd, Ord...

WuGin,

Currently Austock Securities Ltd, Intersuisse Ltd, Ord Minnett have SSM as a buy, with other publications recently also having editorial space provided to this share. Macquarie also act as an agent, and conduct due diligence for any prospective takeover etc.

I think the same as you in that it is only one director selling, and we do not know the personal reasons behind Mr Small selling.

The fact remains that the rest of the directors took their full entitlements, and none have yet sold on market.

SSM provides a fantastic exposure to the utility and engineering services market, and at current pricing seems to be a steal. As with all capital raisings, the share price tends to move sideways or retrack to raising level before making forward movements. We have now seen SSM find a base around the $0.38-$0.40 level, and as in the past it should see a rerating in the near future. Thorney and Gandel still have significant shareholdings that should help if MAH have another tilt at SSM in the future.

Lets keep our fingers crossed!