Top member reports
Company Report
Last edited 4 months ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#17
Performance (40m)
-9.0% pa
Followed by
75
Straws
Sort by:
Recent
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#Insider Purchase
Added 4 months ago

Not a biggie, but it is good to see a director (Martin Monro) pick up 10k shares on-market at around these levels, after the nice run up.

#Bull Case
stale
Added 10 months ago

My straws from some months ago have played out well after the company reported good earnings.

The shares have now broken above resistance close to $1, and we have also had some encouraging follow through beyond that round number $1 mark over the following few days on higher than normal volume.

The technical set up favours further upside now. The only ceveat is the shares do look short-term overbought on a number of indicators, so some pause for taking a breather or pullback to test the breakout levels around $1 wouldn't be surprising. Successful consolidation above, or a successful test of those levels is actually even more bullish longer-term if it happens.

#ASX Announcements
stale
Added one year ago

Director Martin Monro has purchased $23k worth of shares on-market. It continues the recent trend of modest insider buys.

#Bull Case
stale
Added 2 years ago

Technically, SSM shares are looking better placed than in quite a while. They have rotated above a double-bottom base established recently on the daily chart, and are also above an area of resistance around 75c.

Coupled with some recent director buying and a windfall refund from the ATO, it won't be surprising if the shares continue to grind higher over the coming months.