I don't think so. The fundamentals are there.
In my opinion, there is a big fish, which accumulate SSM shares at the lowest level as possible. I guess, soon we will see the additional substantial shareholder or the increased volume of existing shareholder.
If you look at the February low share price:
Maple Brown Abbott Limited and UBS Nominees Pty Ltd were buying on the market.
They were registered as substantial shareholders at:
26/02/2008 Maple Brown Abbott Limited: shares -16,751,988; 9.74%
25/02/2008 UBS Nominees Pty Ltd and its related bodies corporate: shares - 11,755,020; 6.84%.
It might be the similar situation.
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- low vol but why coping a pounding
SSM
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0.52%
!
$1.92

low vol but why coping a pounding, page-3
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Last
$1.92 |
Change
0.010(0.52%) |
Mkt cap ! $1.182B |
Open | High | Low | Value | Volume |
$1.88 | $1.93 | $1.88 | $4.423M | 2.307M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 344 | $1.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.93 | 75260 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 344 | 1.915 |
3 | 46781 | 1.910 |
3 | 31475 | 1.905 |
1 | 3252 | 1.900 |
1 | 3438 | 1.880 |
Price($) | Vol. | No. |
---|---|---|
1.930 | 75260 | 5 |
1.935 | 34220 | 3 |
1.940 | 7715 | 1 |
1.950 | 23000 | 2 |
1.960 | 6000 | 1 |
Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
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SSM (ASX) Chart |