SMN 29.4% 44.0¢ structural monitoring systems plc

I await, with interest, the market update, due in just over 2...

  1. 1,831 Posts.
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    I await, with interest, the market update, due in just over 2 weeks.

    Will the AEM side of the business show further improvement to the extent that it will indicate that they are on budget to convert last year's EBITDA loss of $247,803 to a profit of $3,554,076?

    Once SMN can demonstrate that the company, as a whole, can be profitable without the CVM input then the company will have a sound footing & future without being reliant on approvals from Boeing & the FAA.

    Shareholders will be assured that their capital is safe & any downside risk is minimized.

    In round figures, each $1,400,000 of earnings made will equate to each 1 cent per share of future dividends.

    Conversely, based on a P/E of 30 each $1.4m of earnings equates to 30 cents in the share price. On that basis earnings of $14m calculates to a share price of $3.00 & $70m calculates to a share price of $15.00 when the CVM business is in full swing.
 
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Last
44.0¢
Change
0.100(29.4%)
Mkt cap ! $60.19M
Open High Low Value Volume
39.5¢ 47.5¢ 39.5¢ $222.5K 513.1K

Buyers (Bids)

No. Vol. Price($)
1 2409 41.5¢
 

Sellers (Offers)

Price($) Vol. No.
44.0¢ 9619 1
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Last trade - 16.10pm 06/06/2024 (20 minute delay) ?
Last
43.0¢
  Change
0.100 ( 29.4 %)
Open High Low Volume
41.0¢ 47.5¢ 40.0¢ 88874
Last updated 15.53pm 06/06/2024 ?
SMN (ASX) Chart
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