Yeh Anthill, I'm with you.
Crookers if you go back to March and we were 50c. Go back the last 3 years and we were well under 30c for moist of it.
What do you think made it rise from 50c to 80c?
A lot of people got in for the capital return. At say 50c or less thats a 10+% return. And now they can sell the remainder in the 70's!
Personally I thought we were fair value around 50-60c.
The company has righted the ship. The new management has got back to doing what they do well and reduced risky plays. When more tenders are out, if they can win a few of them and keep growign organically that means we have a proftable company and returns on a yearly basis....Happy days.
If it doesn't suit your investment strategy and you are looking for quicker gains then you need to look at riskier companies I'd suggest.
Many within the SSM fold here have held through the long dark period and now we are in a far better place.
SSM Price at posting:
71.0¢ Sentiment: None Disclosure: Held
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