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
42.0¢ |
Change
0.030(7.69%) |
Mkt cap ! $57.45M |
Open | High | Low | Value | Volume |
39.0¢ | 42.0¢ | 39.0¢ | $22.26K | 55.87K |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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2 | 29517 | 0.380 |
1 | 6000 | 0.375 |
1 | 22500 | 0.370 |
2 | 53888 | 0.360 |
Price($) | Vol. | No. |
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0.425 | 25000 | 1 |
0.440 | 7000 | 1 |
0.445 | 1391 | 1 |
0.450 | 2000 | 1 |
0.480 | 10000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 14/06/2024 ? |
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