SSM has a large amount of excess cash on the balance sheet and management can't find projects that will provide an adequate return where they could invest this cash. A buy back may have made more sense as the payment of 5cents per share is unfranked (I think - though will check).
I have to say though as a shareholder over the last few years I can't complain about management. So we can probably assume this is the best option. Unfortunately I bought here before the "near death" experience and the SP fell to 10cents, so just think we are getting half that price back by just getting a bit of spare cash off the balance sheet!
SSM has a large amount of excess cash on the balance sheet and...
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Last
$1.90 |
Change
-0.055(2.81%) |
Mkt cap ! $1.170B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.97 | $1.89 | $3.652M | 1.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 530 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 22625 | 1 |
View Market Depth
| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| SSM (ASX) Chart |