I suspect our management are overly cautious these days. Some suppositions I have made from recent announcements:
When we were told in the January update that we could expect revenue by late 2018, I expected that to be an ultra conservative position by the company. Unlike some on here I feel management have learnt their lesson about being overly optimistic about time frames and they are now following an "under-promise, over-deliver" philosophy while still maintaining a very positive outlook (ie revenue returned to SH's 2018 and/or 2019). As such I always expected that we would see sensor revenue earlier than suggested (however I was expecting more like June/July rather than March if this is what the halt is about) in order to see a potential dividend in 2H 2018.
I also suspected the announcement yesterday meant revenue was getting close, as I didn't think management would come out with an announcement about expenditure (albeit a very low output for a huge increase in capacity) without revenue likely in the near term. My reasoning for that is management are well aware of negative SH sentiment and would not want to announce more expenses if revenue had any chance of being delayed say to 2019. That is why I sold my other stock yesterday in order to buy more SMN, however I certainly didn't expect to hear more this quickly otherwise I would have been placing a buy order rather than working!!!
This may not be the BOOM we are waiting for (ie Delta ordering millions of dollars worth of sensors) however I expect it to be revenue related, even if indirectly (eg approvals being in place and orders expected in coming weeks). I could be wrong, however I expect we are about to see a rerate.
All IMHO, please read the next announcement carefully and DYOR!
SMN Price at posting:
93.5¢ Sentiment: Buy Disclosure: Held
(20min delay)