Thoughts on Service Stream

What do you think of service stream and what would be a good valuation to sell?

A: Thanks for your question.

Service Stream (ASX:SSM) has certainly gone through a purple patch over the last 12 months or so, in part due to its contracts with the NBN. If you were thinking about getting on board now, I would be a little concerned as the train may already have left the station.

Valuation to sell at? The only broker I can find that covers the stock is Ord Minnett, who has a target price of $0.95.
There is an old saying in markets that you never go wrong taking a profit – my sense is that you may do some now and then sit back and stay along for the ride.

 


Read Answer