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Business Description: Service Stream Limited (SSM) is a provider of essential network services, including access, design, build, installation and maintenance. These services are provided to copper, fibre and wireless telecommunications networks as well as to a range of private and public energy and water entities nationally. The Company has offices in Australian Capital Territory, New South Wales, Queensland, South Australia, Victoria and Western Australia.
Strategy Analysis: Service Stream's growth strategy consistently focuses on developing its uniquely integrated services to meet the evolving needs of large national infrastructure-based firms, both in telecommunications and utilities sector. Organic growth from the strategic integration of its stand alone businesses is expected to continue. Environmental focused infrastructure projects are forecasted to become increasingly important to the company. SSM led the introduction of smart meters last year and is now well - positioned to capitalise revenues from utility companies.
Service Stream reported NPAT down 19.01% to $8.07m for the half-year ended 31 December 2012. Revenue from ordinary activities were $298.02m, down 3.2% from last year. Diluted EPS was 2.83 cents compared to 3.50 cents last year. Net operating cash flow was $22.5m compared to $19.46m last year. The interim dividend declared was 1 cents, compared with 1 cents last year.
By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 |
Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.
By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.
By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.
By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 |
Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.
By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 |
Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.
BR Securities Australia Pty Ltd 2/12/2014 |
December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.
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