ssm gets a mention here, page-4

Hi Lairy and other (unknown) friends,

I am a fundamentalist and bought shares in SSM on the sound fundamentals of the organisation. I did not buy the rights, as it is not straight forward when you live in Kiwi land. Sold them instead.

I did not expect anything but a retracting to the rights issue price level, as the short term punters wanted (needed) to of-load.

I used this opportunity to top up my holding. I have (painfully) learned to average down on a sick company. Service Stream is not sick. Healthy business: sound financial position, well-diversified, long-term contracts.

I thought it was good buying at 50 cents, so 40 cents presents even better value for money. So my position is to be patient and wait till the short-term sellers have finished their business. Would be good to get an update on McCourt Dando as this has been the main reason for the decline in profits.

Hope this will stimulate some more discussion.

Louloubell