You are correct. Total contract value per brokers has been estimated at $500m. This is a very positive announcement and was reflected in the strong bid yesterday. This remains on a low PE with a very good yield.
SSM are also in the hunt to get a larger share of the Telstra wallet while I would also expect an acquisition this financial year given the strength on the balance sheet. The growth profile is there.
SSM Price at posting:
$1.92 Sentiment: None Disclosure: Held
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