Okay so i've been looking into Service Stream as of late - What is everyone's general consensus on the business for the long term investor?
I am quite impressed by their growing revenues, strong cash position and minimal debt. The thing that does concern me a little is that they have a high level of customer concentration - and this is evident from the fact that almost most of their Telecom revenue comes from NBN activations/design/construction and maintenance. Now, with NBN nearing completion, where else will they source their revenue from? I know they have had an acquisition with Comdain Infrastructure to bring in more revenue from the Utility side of the business, but will this be enough to meet higher revenue targets in the coming years?
What are people's thoughts on future contracts / future revenue?
Otherwise i think this is a solid business overall.
Cheers.
SSM Price at posting:
$1.91 Sentiment: None Disclosure: Not Held
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