SSM - Service Stream

[Triathlete]

I believe there is quite a few people waiting for the break ...so I would expect price to really take off above that level....It has already been 6 months since it moved to that level so we must be getting close to a break out......

 

[Rypieee]

@peter2 @Triathlete

The more people are watching the better! Maximum power on the B/O

Peter2, thoughts on pre-empting a breakout with SSM? I know you already hold it but if you weren't a holder just yet?

The higher lows are incredibly tempting. The ascending triangle is also filling up with candlesticks :O

P.S Actually tried to buy a position @ 4.01pm today at the price of $1.25 haha

 

[peter2]

"Newbie Keen Beans" wants to pre-empt the BO. What a surprise.

You should keep good records to learn if pre-empting a BO is good for you or not. Even though my records do record most PE's I've not done the stats on it. I've had both good and bad results from doing it.

If I liked the company through a fundamental analysis then I'd be buying some asap and then on every dip until I've got the full size on.

 

[DocK]

Can anyone tell me the reason for the fall in price today? I can't see an announcement, div or news? I had a buy order sitting at $1.26 which got filled, and I'm unsure of whether to hold or sell before it drops further.

 

[Boggo]

Can anyone tell me the reason for the fall in price today? I can't see an announcement, div or news? I had a buy order sitting at $1.26 which got filled, and I'm unsure of whether to hold or sell before it drops further.

Just had a quick look at the weekly chart, this seems to have done this spike down at least four times over the last year and not around the dividend time either.
It then seems to resume the steady uptrend again after each one !

Some stocks have a predictable personality, lets see if it repeats

 

[DocK]

Just had a quick look at the weekly chart, this seems to have done this spike down at least four times over the last year and not around the dividend time either.
It then seems to resume the steady uptrend again after each one !

Some stocks have a predictable personality, lets see if it repeats

True, it's why I placed the buy order where I did. Guess I shouldn't second-guess myself

 

[greggles]

After a few months of drifting sideways and slowly downwards, SSM has seen a reversal of fortune and its share price has shot up sharply.

The company released its financial results for the half-year ended 31 December 2017 yesterday after the close and the strong profit and cashflow performance, increase in interim dividend and on-market share buy-back reported by Service Stream came as a bit of a surprise to the market.

Group Summary

• EBITDA of $32.1 million (10.9% margin) on revenue of $294.1 million
• EPS of 5.45cents on a NPAT of $19.9 million
• Operating cashflow of $42.6 million with Net Cash of $63.6 million at half-year-end
• Interim dividend (fully-franked) of 3.0 cents per share payable on 29 March 2018
• On-market share buy-back of up to 27.4 million shares

SSM finished the day at $1.45, up 30c (26%) on yesterday's close. A nice surprise on the upside and a good result for holders.

 

[peter2]

After the good news in Feb18, price made new highs. Since then price has fallen slightly while the market (XAO) has fallen further. Now that the market is rallying perhaps SSM can finally go higher.

Disclosure: I've bought some recently.

 

[Darc Knight]

Service Stream Limited (ASX:SSM) stock has been moved at 32.089552% throughout last twelve months. The stock has performed 2.906977% around last thirty days, and changed -1.666667% over the last three months. It has five years performance of 785% and weekly performance of 0%.
Service Stream Limited stock has performed -1.12% and changed AUD$-0.02 while share value reached at AUD$1.77 in last trading transaction. At present, the stock 52 week high price sited at 1.885 and 52 week low situated at 1.115. 216464 shares traded on hands while it’s an average volume stands with 612105 shares. It paid dividend of AUD$0.063369 over a trailing one year period. The current analyst consensus rating clocked at 1 on company shares. Analysts estimated that stock to reach value at AUD$2.12 price in one-year period.
https://connectinginvestor.com/2018...ul-about-stock-service-stream-limited-asxssm/

 

[galumay]

For me SSM has always been problematic, my business sub contracts to SSM and I think its the old problem of "scuttlebutt" - I could never invest in a business so poorly managed, but most investors would have no idea of how incompetent SSM are. I remember this was also a problem with companies like RIO & BHP when I worked for them, I quickly realised that the profit margins must be extraordinary when structural incompetence at the level these businesses struggle with still allow them to be profitable. If you were half as incompetent running a small business you would be bankrupt in 6 months!

 

[Ann]

For me SSM has always been problematic, my business sub contracts to SSM and I think its the old problem of "scuttlebutt" - I could never invest in a business so poorly managed, but most investors would have no idea of how incompetent SSM are. I remember this was also a problem with companies like RIO & BHP when I worked for them, I quickly realised that the profit margins must be extraordinary when structural incompetence at the level these businesses struggle with still allow them to be profitable. If you were half as incompetent running a small business you would be bankrupt in 6 months!

Interesting you say this galumay. I see on the 2/1/2019 titled 'Cleansing Notice' they issued without disclosure to investors an extra 40,189,126 fully paid ordinary shares into the market. 401.4m is now listed as quantity of shares of SSM on ASX. All quite legal of course. Nasty for investors though. Quite a major dilution of shareholder value I would have thought. This is really likely to be reflected negatively in their SP I guess.

 

[Darc Knight]

Am I in your sights @Ann ?

Don't worry, I've already conceded my picks are dogs. The only reason I picked them was to see what happened when they got into Index fund buying range. Most of them have dropped back now. But, try your hardest. I'm shorting all stocks you pick on

 

[Ann]

Am I in your sights @Ann ?

Don't worry, I've already conceded my picks are dogs. The only reason I picked them was to see what happened when they got into Index fund buying range. Most of them have dropped back now. But, try your hardest. I'm shorting all stocks you pick on

Oh darn sorry DK, I haven't been here most of this week. I haven't caught up on the picks yet. I have just scooped up a number of ASX notices which made me go YUCK!

 

[rnr]

Interesting you say this galumay. I see on the 2/1/2019 titled 'Cleansing Notice' they issued without disclosure to investors an extra 40,189,126 fully paid ordinary shares into the market. 401.4m is now listed as quantity of shares of SSM on ASX. All quite legal of course. Nasty for investors though. Quite a major dilution of shareholder value I would have thought. This is really likely to be reflected negatively in their SP I guess.

View attachment 91179

Hi Ann,

The issue was made in partial satisfaction of the acquisition of Comdain Infrastructure Pty Ltd, a provider of engineering and asset management services to the gas and water utility sectors in the Australian eastern states, which (in theory) should not result in a dilution of the existing shareholder value.

See ASX & Media release made by SSM on December 3, 2018.

Cheers,
Rob

 

[galumay]

Rob, its definitely dilutive for existing shareholders, whether SSM can overcome the effect of the dilution for shareholders by sufficiently increasing earnings, yield and share price remains to be seen, but I would be very skeptical!

 

[Ann]

Hi Ann,

The issue was made in partial satisfaction of the acquisition of Comdain Infrastructure Pty Ltd, a provider of engineering and asset management services to the gas and water utility sectors in the Australian eastern states, which (in theory) should not result in a dilution of the existing shareholder value.

See ASX & Media release made by SSM on December 3, 2018.

Cheers,
Rob

Potentially a good fit Rob, but looking at the chart it may take time to filter back through to the shareholders and EPS etc. In the meantime the chart appears it might be travelling toward a dome shape, which potentially could see the price travel back below the $1 level if in fact it does evolve into a dome and travels its full distance down. Interesting to watch.

 

[tinhat]

Hi Ann,

The issue was made in partial satisfaction of the acquisition of Comdain Infrastructure Pty Ltd, ...

That is the most ridiculous business name. Please tell me if your brain did not read "Comedian Infrastructure".

 

[Garpal Gumnut]

Is this the same SSM. It seems successful to me.

Over the last 10 years.

 

[rnr]

That is the most ridiculous business name. Please tell me if your brain did not read "Comedian Infrastructure".

No, my brain did not read "Comedian Infrastructure" - but I must add, that judging by your avatar, we are obviously wired differently!

 

[Ferret]

Speaking of names, last year when Same Sex Marriage got the nod I thought SSM was in a growth industry and might be worth a punt!