ssm
SSM: Infrastructure Services Leader - Government's Golden Child Gets No Respect
Updated 8 Oct 2025
Service Stream trades at $2.07 vs $3.09 fair value (49% upside). EBITDA margins expanding to 6.5%, ROIC 13.2%, net cash $74m.
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ssg
SSG: Grooming Specialist - Transform-UTM's the Game Changer
Updated 8 Oct 2025
Trading at $1.48 vs $2.61 fair value (76% upside). Transform-UTM private brand validates strategic transformation. 25% market share, 89 NPS, debt-free balance sheet.
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SRV: Premium Workspace Provider - Peak Performance, Inevitable Decline
Updated 8 Oct 2025
HOLD rating with $8.31 fair value. Exceptional 46.2% EBITDA margins face inevitable compression as 74% ROIC attracts competition. Income-focused opportunity only.
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SRR: Gold Explorer - Double or Nothing Down Under
Updated 8 Oct 2025
Pre-revenue gold explorer trading at A$0.047 vs A$0.191 fair value. Dual catalysts: systematic exploration across 1,000km² Eastern Goldfields tenure and US$50m arbitration award. High risk, asymmetric upside.
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SRG: Infrastructure Transformer - Annuity Dream Meets Margin Reality
Updated 8 Oct 2025
HOLD rating with $1.78 fair value vs $1.99 current price. Strong 80% annuity model offset by margin compression risks and 53% valuation premium to peers.
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SOM: Sleep Medicine Leader - Manufacturing Constraints Meet Reality Check
Updated 8 Oct 2025
Medical device manufacturer with 35-40% oral appliance market share. Fair value $0.30 vs current $0.70. EBITDA margins compressing, manufacturing constraints binding.
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SOL: Investment House Pioneer - Century-Old Wisdom Meets Modern Alpha
Updated 8 Oct 2025
Soul Patts trades at $38.71 vs fair value $45.81, offering 18.4% upside through portfolio evolution and private market access with 122-year dividend track record.
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SMR: Metallurgical Coal Miner - Diamonds in the Rough, Gold in the Ground
Updated 8 Oct 2025
BUY rating with A$4.76 fair value vs A$2.36 current price. Strong balance sheet, operational excellence, 102% upside potential despite commodity volatility.
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SLX: Nuclear Fuel Pioneer - Laser Focus on Uranium's Future
Updated 8 Oct 2025
Speculative buy with 124% upside to $9.06 fair value. Binary TRL-6 catalyst Q4 2025. Revolutionary laser enrichment technology targeting 8% Western market share.
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SKS: Data Centre Darling - Boom Turns to Bust as Competition Awakens
Updated 8 Oct 2025
Electrical contractor riding data centre wave faces inevitable margin compression. Fair value $1.55 vs current $2.97. EBITDA margins 9.0%, ROIC 84%, but competition emerging.
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SHL: Diagnostic Giant - Integration Prescription for European Growth
Updated 8 Oct 2025
Sonic Healthcare trades at A$28.30 versus A$32.41 fair value, offering 14.5% upside through LADR integration targeting A$130m synergies with 65% achieved.
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SHA: Construction Services Transformer - Three Pillars, Wrong Timing
Updated 8 Oct 2025
SHAPE trades at $4.28 vs fair value $3.30. Strong operations (86% Perfect Delivery, 78.6% ROIC) but execution complexity and cycle timing create unfavourable risk-reward.
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