Alternatively I'll accept the FAA having the Boeing submission with a decision or at least information that they are still reviewing it.
Here is a very early chart of CSL one of Australia most successful companies. Here are quotes that I found
The 130 million shares in CSL Ltd were sold by the Commonwealth through a public tendering process in May 1994, culminating in the listing of CSL on the Australian Stock Exchange on 30th May 1994. The shares were sold at $2.30 each, yielding $299 million less fees and commissions of $6.6 million (CSL 1994, p.
When the company listed, it had revenue of A$193 million compared with US$8.5 billion in revenue in 2019.
CSL Ltd (ASX: CSL) shares first listed on the ASX way back on 8 June 1994. The S&P/ASX 200 Index biotechnology company floated for $2.30 per share. But once we take share buybacks into account, the adjusted entry price works out to around 76 cents per share
Notice that they started to pay a dividend early on the journey
Eventually I am hoping that SMN will do as they have indicated and have some form of return of capital as was the case with CSL.
Current SMN have roughly the same amount of shares on issue as CSL did when they listed on the ASX. We currently have 151M shares.
We currently fall well short of $193m in revenue.
Sorry about the wake up call.
Check it out yourself,
SMN Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held
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