I can understand how investors have been burnt by SSM . No divies, plummet in the share price etc.
From my perspective at these prices it offers a great opportunity in my opinion for the following reasons hopefully there is not much more downside
Damage from covid has already been done and the economy except for dans state is opening up. Capital raising done at .90c Successfully re secured major contractual agreements ,supporting a strong core earnings base into the future. Proactive cost response to align with renewed contract revenues and disciplined investment systems to drive efficiencies Final year divy not declared to assist with the funding of Lendlease services acquisition Resumption of divies expected FY 22 $2bn in future contracted work on hand Compelling acquisition synergies estimated to be $17m over a period of time. Hopefully this is conservative Covid has caused some disruption but at this stage the financial impacts have been immaterial No forecast provided due to circumstances buts that ok in my opinion. Better to be safe than sorry.
DYOR
SSM Price at posting:
83.5¢ Sentiment: Buy Disclosure: Held
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