Still a lot of downward presure on this stock. Can't understand why. - directors are buying - very good long profitable contracts in place - on track to achieve profit targets(no warnings or news to tell us otherwise) - diversifying the business into energy(so not so reliant on telstra) - All the big holders are still believers(no notices to say any are getting out (and there are some quality family names in the top 20 list) - etrade is still showing 2 BUY recommendations on the stock (one is a strong buy)They have been there since the stock was in the $1.60 range.
So why is it being held down?
I hope (and expect) a serious re-rating once the end of year results come out. Fingers crossed all the indicators are right. From all I see these guys are doing too well to be sitting in the $1.20-1.30 range.
SSM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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