FY21 Results: Not a lot of new news from SSM today given financial metrics were well know given recent capital raise, one aspect that I thought was bullish was EBITDA guidance for FY22 of ~$120m including around ~$17m in synergies, we were expecting SSM to be on a run rate for the upcoming year closer to $100m. No dividend for the half given their use of funds for their recent acquisition however that was expected. We’ll need to do some more work on SSM however there were no negative surprises to MM in today’s result. The stock ended 2.82% lower.
MM remains a holder of SSM in the income
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