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.
It might be a re-rating of the PE multiple. It was trading at a...
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Last
$1.95 |
Change
0.030(1.56%) |
Mkt cap ! $1.193B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.96 | $1.90 | $4.683M | 2.415M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 129240 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 84936 | 17 |
View Market Depth
| Last trade - 15.26pm 24/06/2025 (20 minute delay) ? |
| SSM (ASX) Chart |