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SSM - Service Stream

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SSM is on a nice run.

It was on my shortlist for the Yearly stock picking competition too!
 
Recovered all of yesterday's loss and more. A lot of buying going on, I'm wondering where it will go.

"Over the last 3 years, earnings at SSM have declined by an average of -38.58% annually.This is worse than the industry average growth of 2.15%. For fiscal years 2024 and 2025, analysts are estimating that average annualized growth will increase to 125.95%."​

 
With corruption allegations against the CFMEU, i was wondering what the affects will be on other unions and the companies that they represent.

SSM is represented by the CEPU, which has dealings with the CFMEU.

I write on behalf of the Communications, Electrical, Electronic, Energy, Information, Postal, Plumbing and Allied Services Union of Australia (the CEPU) and the Construction, Forestry, Mining and Energy Union - Mining and Energy Division (the CFMEU) – collectively ‘the Unions’. ​
 
Looking half decent, if this continues, they will be in an excellent position once the economy stabilises.

The Board is committed to achieving and maintaining high standards of corporate governance. This Corporate Governance Statement sets out the extent to which Service Stream Limited’s (Company) corporate governance practices for the year-ended 30 June 2024 comply with the fourth edition of the ASX Corporate Governance Principles and Recommendations published by the ASX Corporate Governance Council (ASX Principles). This statement addresses:​
  • the Company’s corporate governance framework; and
  • key risks and the Company’s response to mitigating these risks.
This Corporate Governance Statement was approved by the Board on 20 August 2024.​






 
Ferret said:
SSM is on a nice run.

It was on my shortlist for the Yearly stock picking competition too!
Click to expand...

And continuing.

Service Stream Limited’s director Leigh Geoffrey Mackender has significantly increased his stake in the company by acquiring 794,792 ordinary fully paid shares, valued at approximately $1.12 million based on the closing share price on the date of change. This transaction, which involved the exercise of vested Performance Rights under the company’s Executive Share Based Incentive Plan, brings Mackender’s total holdings to 2,567,706 shares. There was no disposal of shares and this change did not occur during a closed period requiring prior clearance.​

Service Stream Director Bolsters Shareholding - TipRanks.com

Service Stream Limited (AU:SSM) has released an update. Service Stream Limited’s director Leigh Geoffrey Mackender has significantly increased his stake in the comp...
www.tipranks.com
​
 
SSM has held its ground well recently when the rest of the market has stumbled.

I think it can run further unless the whole market faulters.
 
Contracts updated, SP up again.

Leading essential network services company Service Stream Limited (ASX: SSM) is pleased to​
announce that it has recently secured agreements supporting critical infrastructure across the utility and​
telecommunication sectors​
​
Long-Term Agreement with Urban Utilities ​
Service Stream has secured a new contract for up to 10 years with Urban Utilities for the provision of​
maintenance services across their network. The contract value is estimated to be up to $50 million per​
annum.​
​
Secured Agreements with NBN Co ​
Service Stream has secured the following agreements with NBN Co, with an estimated value of $325​
million over their initial terms:​
 
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