SSM - Service Stream

[aramis]

I would be happy with that as well nomore4s (i.e. holding if the yield is 15-20%).

Further, I think that the SP will bounce back perhaps after the dividend is declared and then slowly stabalise and start heading back up simply because this is not a stock that is under any serious threat.

As was pointed out, they do operate in a niche market and further, it is likely that they will be making a profit (albeit, similar to previous years) going forward as opposed to companies that are going into the red.

I agree that there will be people who will want out once they get the dividend but having said that, for the points mentioned above, I think over the long term, this will trend back upwards.

 

[nomore4s]

I agree that there will be people who will want out once they get the dividend but having said that, for the points mentioned above, I think over the long term, this will trend back upwards.

No argument there from me, long term I think it could be a good buy especially if the yield is around 15-20% but DYOR. The market will provide some good buys in an environment like this, just don't commit too much capital yet and manage your risks as the overall market trend is still firmly down.

 

[honey85]

Yeah, SP seems stagnant at the moment. Will be keeping an eye on the volume tomorrow to see if there is any indication from the market ahead of Friday's announcement. I am so excited!:

 

[aramis]

It is getting exciting... I wonder how the SP will be tomorrow given that the announcement is on Friday.

There appears to be some strong support at the .245 level now, which may indicate that the floor has been set.

IMO, I think we'll be looking at .35 open on friday if it is a 3.5c divvy.

 

[honey85]

Quite decent buying up at 0.245 at close today (20% of total volume). My jaw will drop if it opens above 0.3 on Friday Hopefully there is no more skeleton in the closet *PRAY*

 

[Aka]

Hi to all,

Looks like some stock is wanted at .245. Revenue has not been effected from 2008 levels.
I just wanted to confirm that ex.div date is 27th of Feb?

That how i read it, is it right?

 

[honey85]

Hi to all,

Looks like some stock is wanted at .245. Revenue has not been effected from 2008 levels.
I just wanted to confirm that ex.div date is 27th of Feb?

That how i read it, is it right?

I thought they are announcing their div on 27th but the ex div date is still unknown? Anyone has more info?

One question that I am curious. What's the lowest amount of div that you all can accept and will continue to buy the stock (or at least not sell)?

honey85
newbie

 

[aramis]

The company is reporting its half year results on Friday and will declare a dividend then (unknown what it will be but anticipated to be 3.5c ps based on last announcement).

The annual report will declare a record date, and the stock will go ex-div 3 days before the record date (4th day before record date is the last day someone can purchase and get on the system by record date as owning the share). -someone can correct me if any of that is incorrect.

Honey: I honestly am holding this stock until I make a decent profit simply because regardless of what they declare, the stock has clearly been oversold and it will either go up quickly or slowly, but IMO, it will go up.

Having said that, there certainly will be people who are buying either purely to get the divvy, or who want to make a quick buck once the dividend is declared on friday. IMO, the latter people will miss out on what could have and should have been because i think the stock price will continue to go up.

Anyhow, do your own research obviously and as long as you are happy with your decision and you are making a profit, then good luck to you.

 

[potm]

Aramis,

Your challenge is to find me one small cap stock that has maintained its dividend. Most are cutting them, even if their earnings are good, citing a need to 'preserve cash for future opportunities'.

I dont know SSM, but i would be very surprised if they didnt cut their div at least a little

I seriously think what he said makes sense. I think Mr Aramis is slightly too optimistic with what was being said in the report. Looking at few reports lately, many small cap companies cut their div entirely. Of course I do hope SSM does maintain their div but I think its a slight chance

 

[potm]

Anyone following this stock today? Sudden surge in SP with decent volumes supporting it. Announcement of div is due tomorrow. What does that indicate? Opinion anyone?

 

[nomore4s]

Anyone following this stock today? Sudden surge in SP with decent volumes supporting it. Announcement of div is due tomorrow. What does that indicate? Opinion anyone?

It indicates that people are willing to take a gamble that tomorrows release is going to be positive. Can't read too much into it imo. If the d/e does remain uncut tomorrow I think we could see a premium put on the price by the sellers but then again.......

 

[honey85]

An announcement just been made. What does change in director's interest mean? Is this the reason why the volume has picked up substantially?

 

[BMTT88]

Maybe if you opened the announcement and read it you would've found out that 2 directors bought shares on market yesterday. Dubious timing though given that half year results due out tommorow. I guess they laugh in the face of ASIC.

 

[aramis]

Honey85: It means directors are purchasing this stock. Why would directors by the stock if they are not confident about the company and its SP?



Watch this stock tomorrow morning once announcement is made... I think we will be around at least .35 to .4 opening...

 

[Aka]

well good to see SP rising and smile on some shareholder's face.

I sold 50% of my holding today with a good gain, just because i think some of "tomorrow's news " came already today with todays announcment of directors purchase.

Intrested to see what will happen tmrw. Still believe will be around .29 to .33

Happy hunting

 

[ndpjai]

well good to see SP rising and smile on some shareholder's face.

I sold 50% of my holding today with a good gain, just because i think some of "tomorrow's news " came already today with todays announcment of directors purchase.

Intrested to see what will happen tmrw. Still believe will be around .29 to .33

Happy hunting

Fantastic ann and very good divi of around 26% (3.5c now interim + 4c final) full year.

Which bank gives that yield? Also they are doing lot of maintenance works for Sydney water, utilities, telecom industry. The price will rise towards the dividend date for sure.

I hold. Pls DYOR.

Cheers

 

[ROE]

off load some of my NVT and DMP which has done well in the last 18 months and load up on this baby again..could be a bad move but I figure this guys has more upside in the next couple years at this price

good to see director loading it up too at this low price

 

[ndpjai]

Guys had a chance to read this info in SMH now.

http://business.smh.com.au/business/shareholders-hang-up-on-telstra-20090317-90m8.html

SSM has a very good working relationship with yes-optus, so imo i think the preferred bidder for the broadband project would be Optus, because Telstra didn't bid.

If optus is the preferred bidder, then who does the broadband fiber optic cabling, all the associated services, yes it should be Service stream.

This is several billion dollars project for optus, means SSM should atleast make several millions easily. So keep this beauty till the announcement comes, u know buy in rumours and sell in facts. Pls dyor.

Cheers

 

[pointr]

Good to see there is still some faith in SSM. you would have to think they are inline for some broadband roll-out work whoever is the preferred tender. Another company who should also benefit is AJL who have the Australian rights to a trenchless cable installation technology very applicable to broadband infrastrucure.

 

[nomore4s]

Good couple of days for SSM, especially today. Bit of a sell off after going ex D/E which was to be expected but nice rebound in the last few days.

Might be a triangle forming now, no matter it's a base. Have a look at the volume since hitting the low.
I would like to see a bit more of a base before hopefully seeing a break through 40c but with the amount of volume already traded in this range there already might be enough work done - alot of shares have already traded hands, it appears someone sees value here.

I hold.