From a mathematical point of view,If we take earnings to be $2.75M & approx. 120 million shares on issue then a P/E of 30 should give a share price of $0.68.
I admit the 30 P/E would be more realistic on gaining FAA approval.
I believe SMN is currently under valued.
Ann: Appendix 4C and Quarterly Update, page-9
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Last
60.5¢ |
Change
0.015(2.54%) |
Mkt cap ! $83.10M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 60.5¢ | 59.0¢ | $3.309K | 5.581K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2499 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 5000 | 1 |
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| SMN (ASX) Chart |