SMN 7.69% 42.0¢ structural monitoring systems plc

Ann: Change of Director's Interest Notice, page-9

  1. 1,833 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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39.0¢ 42.0¢ 39.0¢ $22.26K 55.87K

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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
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