Notts I would think very careful at selling at that price. All revenue is royalty driven and they will have nearly zero overheads, I believe they will get around 10-12% of the airline profits gained by them adopting this technolgy. i.e. under FAA rules they have to pull an aicraft in after a number of years for NDT tests and that is quiet expensive in lost revenue alone, so dividend income could be a reality down the track. I do not know exactly what that profit margin is per new aircraft so I would be very interested from hearing from anyone that does. It has been mentioned that the doors on the new a350 may be fitted with there technology but until I see it announced I,ll treat it as a rumour but no way will I sell.
SMN Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
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