Dividend projection confirms this IMO. Massive. $US6-7 million initial sales from Delta and top line revenue of C$13 million from AEM. Short term revenue - check
$US 10-15 million licensing agreements per annum/per operator + subsequent (non-discounted) sales of equipment at a near 100% margin. "AEM has built relationships with many OEMs Tier 1 to Tier 3 suppliers, other manufacturers, as well as a global network of aircraft and component dealers." Future exponentially increased revenue - check
"Becoming an OEM-certified manufacturer is definitively a long-term, time and cost intensive process" Increased what was already 10 years worth of barrier to entry - check
"Cobham markets and sells products which are manufactured by AEM" - We've gained a relationship with a GBP3.25bn market cap company who have been selling aircraft maintenance to government and defense organisations for 25 years! Future diversification of sales - civilian + government + defense + planes/helicopters - check
Management of both SMN and AEM throwing in their own cash. David Veitch and Ray Lewis founded AEM in 2009 and have now sold it a mere 8 years later for $10 million. David Veitch is a former director of SMN and has been indirectly as the controller of AEM a major shareholder of SMN since 2012. His SMN directorship was passed on to Ray Lewis last year. - Committed, long-term and successful management - check
AEM held 1,000,000 shares in SMN prior to the purchase.
"As a result ... ability to deliver value from the design stage (product development and advisory), to manufacturing (delivery of consistently high-quality products), through to fleet maintenance (repair, refurbishment and replacement)." Moved from developmental (risk) stage to manufacturing and even servicing the products ourselves - check
$360,000 turnover in the tiny 30 minute window of opportunity today. Surely we are knocking on the door of Mr 509,292 @ $1.85 by COB Friday if not before. Can't wait to find out if he's real or not! I've grown quite fond if his daily antics, it will be a shame to see him go.
GLTAH & DYOR & look forward to the next day, week, year, decade of SMN
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Last
50.0¢ |
Change
0.020(4.17%) |
Mkt cap ! $68.67M |
Open | High | Low | Value | Volume |
47.0¢ | 50.0¢ | 47.0¢ | $5.577K | 11.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 3972 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.470 |
1 | 17391 | 0.460 |
1 | 2272 | 0.440 |
1 | 20000 | 0.435 |
1 | 5000 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 3972 | 1 |
0.525 | 1375 | 1 |
0.530 | 51665 | 3 |
0.600 | 2500 | 1 |
0.640 | 13507 | 1 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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SMN (ASX) Chart |