The price rise in this company seems a bit crazy. The market update says they are going to miss the 15% increase in revenue. The current dividend of 2.5c is a 5 percent return on current share price with a fair bit of downside in my opinion. The company has net assets of $320M of which $229.983 million is goodwill! SSM have a significant deficit in net tangible assets. And $10.244 million in dividend payments not recorded as a liability, which further deteriorates their net asset position.
There is a bit of water to go under this bridge.
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I sold at 2.15, will buy back at 1.80, page-262
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Last
$1.34 |
Change
0.005(0.38%) |
Mkt cap ! $822.2M |
Open | High | Low | Value | Volume |
$1.33 | $1.34 | $1.32 | $281.2K | 210.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14414 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 4594 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2248 | 1.330 |
1 | 2542 | 1.325 |
1 | 2542 | 1.320 |
1 | 2542 | 1.315 |
2 | 2542 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.345 | 2542 | 1 |
1.350 | 8080 | 5 |
1.355 | 8365 | 3 |
1.360 | 4242 | 3 |
1.365 | 2542 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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SSM (ASX) Chart |