Hope so Macca42 because it has hardly been a multibagger. Can just have to try and average down.
1851 Capital, Geoff Wilson and Chris Stott not only acknowledged SMN, they had it up at $2 AUD per share as a reco at one point,
So much for Chris Stott's $2 AUD prediction.
Chris Stott who has now moved to 1851 Capital (since his $2 AUD SMN call at a prior organization) according to the broker lists last had a $2 AUD price tag but that was when he was at another brokerage.
So the Morningstar 70 cents Fair Value appears to be the one that the websites use to say SMN is undervalued. the dilution needs to be factored in due to the Insto Offer and SPP.
2 b fair to Chris Stott and Morningstar, SMN is certainly listed in a increasingly toxic high risk jurisdiction with these ever increasing accounting irregularities, poor financial governance practices, poor compliance records, high risk practices like work, health and safety failings, poor money laundering practices, and lack of ASX disclosure compliance.
Perhaps it is not SMN to blame but AUstralia and it’s poor governance practises. better make sure FAA does not hear of these problems in Australia as it may take accreditation away.
SMN Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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