Only in May a month and a half ago SSM traded @ 2.25 on 3...

Only in May a month and a half ago SSM traded @ 2.25 on 3 occasions.

This company is very well managed with an attractive set of numbers and a fully franked DIV that is rising.

June is the low point between Div distribution and end of FY portfolio trims for loss-making

Soon we will start the slow march upwards towards the $ 2.25,

We are a month away from receiving the EoY financial report.

The Sept Divi dangling in front will encourage retirees with SMSF like me to vote with our money

SSM has long term contracts in place and offers a defensive position that surpasses the Banks in Div distribution and growth.

We all know that SSM is not a technology comp trading on 40 times revenue.

This is a basic "old school " investment, a turtle marching along.

The current price is a gift, only look at the chart for the last 5 years to see a rise from 24c to $3.00 in July last year.

We may refer to SSM as a boring company, but I would add SOLIDLY boring, I definitely have a space in my portfolio for boring SSM.

I keep my investment calculation simple. 80% of money allocation has to be invested in companies with a DIV policy.
and a potential to grow their current SP by 15% to 20% year on year for at least two years.

In SSM case the first year: Buy @ 1.90 x 20% = $ 2.28 Plus a bonus of 7% in Div + franking credit of 13c
all up 27% return on investment.

- 2nd year : SP $ 2.28 x 20% = $ 2.74 plus 7% of DIV and franking credit. 27% Return

- 3rd year: SP $ 2.74 X 20% = $ 3.28 plus 7% franked Div.

I see at as a possible scenario and may get there quicker. I sleep well invested in SSM