I'm wary of the pump and dump and surprise capital raising.... like it to settle for a few weeks at these levels..
From the Mac Equity report:
Despite 20 years of CVM development, the prospects of the technology – while generally positive – are subject to a high degree of uncertainty:
Undiversified in terms of a product, but diversified across markets.
Horizontal approach may protect the company from market risk, but subjects the stock to more influence from outside forces than a vertically integrated approach where production, distribution and sales are all under one house.
The conditions of agreements with major partners such as Boeing, AEM etc. are fairly unclear.
Competition is a large issue for SMS who must attempt to lead the market and gain first mover advantage.
FAA approval does not necessarily mean widespread adoption of the product will ensue.
Continued R&D and product development such as FAA testing means continued dependence on additional capital. The company’s retained earnings are a staggering –$45 million with a negative equity balance.
Despite balance sheet issues, we consider financial risk to be lowered given the recent $3.7m placement, institutional support from Drake Private Investments and the company’s commitment to a low cash burn with low net operating cash flows.
SMS does have a very concentrated shareholding, which may cause concerns if one shareholder decides to exit their position.
- Forums
- ASX - By Stock
- SMN
- Breakout Alert
Breakout Alert, page-42
-
- There are more pages in this discussion • 181 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMN (ASX) to my watchlist
|
|||||
Last
65.0¢ |
Change
-0.045(6.47%) |
Mkt cap ! $89.28M |
Open | High | Low | Value | Volume |
67.0¢ | 70.0¢ | 65.0¢ | $14.81K | 21.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9178 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
69.0¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9178 | 0.650 |
1 | 10000 | 0.640 |
2 | 51000 | 0.635 |
1 | 8000 | 0.580 |
2 | 12700 | 0.570 |
Price($) | Vol. | No. |
---|---|---|
0.690 | 5000 | 1 |
0.700 | 13107 | 3 |
0.705 | 10000 | 1 |
0.710 | 33500 | 2 |
0.715 | 12121 | 1 |
Last trade - 15.58pm 06/09/2024 (20 minute delay) ? |
Featured News
SMN (ASX) Chart |