SMN 5.13% 37.0¢ structural monitoring systems plc

I await, with interest, the market update, due in just over 2...

  1. 1,794 Posts.
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    I await, with interest, the market update, due in just over 2 weeks.

    Will the AEM side of the business show further improvement to the extent that it will indicate that they are on budget to convert last year's EBITDA loss of $247,803 to a profit of $3,554,076?

    Once SMN can demonstrate that the company, as a whole, can be profitable without the CVM input then the company will have a sound footing & future without being reliant on approvals from Boeing & the FAA.

    Shareholders will be assured that their capital is safe & any downside risk is minimized.

    In round figures, each $1,400,000 of earnings made will equate to each 1 cent per share of future dividends.

    Conversely, based on a P/E of 30 each $1.4m of earnings equates to 30 cents in the share price. On that basis earnings of $14m calculates to a share price of $3.00 & $70m calculates to a share price of $15.00 when the CVM business is in full swing.
 
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Last
37.0¢
Change
-0.020(5.13%)
Mkt cap ! $50.61M
Open High Low Value Volume
39.0¢ 39.0¢ 37.0¢ $23.15K 61.72K

Buyers (Bids)

No. Vol. Price($)
1 4667 37.5¢
 

Sellers (Offers)

Price($) Vol. No.
38.0¢ 2535 1
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Last trade - 14.57pm 30/04/2024 (20 minute delay) ?
Last
37.5¢
  Change
-0.020 ( 1.35 %)
Open High Low Volume
37.0¢ 38.0¢ 37.0¢ 5225
Last updated 15.23pm 30/04/2024 ?
SMN (ASX) Chart
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