"Wow am I missing something???"
Of course us holders are biased, but I think it's the market that's missing something - but for good reason!
For how many decades did SMN promise something but didn't deliver? And until it does deliver realistically the market will continue to ignore this growing opportunity - well that's my opinion. And so once again I've been buying more, not hugely, because I have enough already.
Until the APB STC gets the tick of approval, which may still take a few months, IMO the share price will remain subdued. This few months may be the last opportunity to get shares at a reasonable price.
Once the approval comes through then we know that earnings will increase appreciably, from the first contract already in place with Delta (at a discounted price!). The ramping up of yet to be paid installations for Delta 737's probably is already more than 25, which is obviously a substantial kick start into the coffers.
Currently the market cap of SMN is around $100 million. Post tax profits above $5 - 10 million will wake the market up!
And then the new contracts for Southwest, United, American Airlines, plus others, plus additional CVM applications for Boeing, plus applications on Airbus aircraft.
IMO we only have a few months buying opportunity before the price takes off.
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Last
58.0¢ |
Change
-0.025(4.13%) |
Mkt cap ! $79.66M |
Open | High | Low | Value | Volume |
60.5¢ | 60.5¢ | 58.0¢ | $42.09K | 70.52K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14997 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.0¢ | 510 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14997 | 0.580 |
1 | 27000 | 0.560 |
1 | 30000 | 0.510 |
2 | 15000 | 0.500 |
1 | 1050 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.700 | 510 | 1 |
0.705 | 10000 | 1 |
0.715 | 12121 | 1 |
0.720 | 57143 | 1 |
0.730 | 13487 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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