Gentlemen, I hope that description is accurate, you all miss the point.
My calculations are based on the potential of SMN when full FAA approval has been granted, contracts signed, several tier 1 airlines plus others having their fleets fully installed with sensors & having earnings of $85 million. If the P/E was 30 that would automatically calculate to a share price of over $18.00 with 135 million shares on issue. The last time I checked it was fewer than 135 million. On the other hand, a P/E of 20 would mean a share price of over $12.00.
ASX11, in answer to your question regarding SMN reaching a market cap of $2.5 billion, I believe if all of my requirements, listed above, were met then there is a distinct possibility of that occurring. If the $85 million earnings target was achieved the big variance would be what the P/E was at the time. If it was perceived that there was further growth with increased dividend potential a P/E of 30 would be possible.
I am simply outlining the potential of SMN in order that investors realise what is possible & do not sell out prematurely. My plan is to sell about 5% of my holding as the price approaches $6.00 & keep the remaining few hundred thousand for dividends.
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Last
71.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $97.52M |
Open | High | Low | Value | Volume |
71.0¢ | 71.0¢ | 71.0¢ | $452 | 637 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 67.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 1150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.675 |
1 | 10000 | 0.670 |
1 | 4500 | 0.665 |
1 | 14500 | 0.650 |
1 | 10000 | 0.640 |
Price($) | Vol. | No. |
---|---|---|
0.705 | 15000 | 1 |
0.710 | 35500 | 2 |
0.715 | 12121 | 1 |
0.720 | 24473 | 2 |
0.730 | 13487 | 1 |
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