It might be a re-rating of the PE multiple. It was trading at a PE of more than than 20 (which was probably not justified as SSM does not have particulary great EPS growth because of dilutionary rights issues). It's now at about 13.
However, I still think this a good company and this is a good price to get in (in fact I just bought some more). I'd just like to see the EPS (and div) increase. I'd sacrifice some (or all) of the dividend if it avoided another rights issues.
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Last
$1.93 |
Change
0.000(0.00%) |
Mkt cap ! $1.188B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.95 | $1.91 | $3.032M | 1.575M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 30050 | 3 |
View Market Depth
| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| SSM (ASX) Chart |