SSM's Telstra earnings were always going to fall on the completion of the NBN, As the NBN goes into maintenance mode, earnings will be down, but that must have been known from the beginning.
So the LL acquisition could be the first. Bed it down, see some profits and look for number two acquisition.
SSM should have been on the lookout a lot earlier, and have a hand full of further possibilities.
Just saying.
SSM Price at posting:
86.8¢ Sentiment: Hold Disclosure: Held
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