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38.5¢ structural monitoring systems plc

You do realize the sell off occured over the last few weeks. Not...

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Chochom

298 Posts.

06/01/16

18:38

Post #: 16742477
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Originally posted by Rup ↑

I used to be a believer in this stock but sold out my position when I saw directors selling their holdings to unsuspecting retail investors this afternoon.

For a company that has been in operation since 2004 and yet to make 1cent of profit it's a bit of a worry when directors think they are entitled to 2.5m for their supposedly hard work! My guess is this guys probably tried to do a off market transfer to institutional buyers but they would not touch this stock so the directors dumped to poor old retail investors instead.

Feel sorry for those that purchased at 1.83c cents and then saw their value crash to 1.37 in a blink of an eye!

With a company like this it's the managements credibility that investors buy into and from today's announcement there does not seem too be too much of that for this stock.

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You do realize the sell off occured over the last few weeks. Not this afternoon

It was announced this afternoon.

If they had sold there holdings off this afternoon believe me the share price would be way lower then 1.37.

Haha

SMN Price at posting: $1.37 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 38.5¢		Change 0.000(0.00%)		Mkt cap ! $52.67M

Open	High	Low	Value	Volume
37.5¢	38.5¢	36.5¢	$11.79K	31.72K

Buyers (Bids)

No.	Vol.	Price($)
1	999	36.0¢

Sellers (Offers)

Price($)	Vol.	No.
38.5¢	4328	1

View Market Depth

No.	Vol.	Price($)
1	999	0.360
1	14084	0.355
2	4285	0.350
1	1470	0.345
1	5882	0.340

Price($)	Vol.	No.
0.385	4328	1
0.395	58053	1
0.400	20500	2
0.410	20000	1
0.420	2500	1

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last 38.0¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
37.0¢	38.0¢		37.0¢	4157
Last updated 15.11pm 08/05/2024 ?

SMN (ASX) Chart

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