Have been doing a few calculations.
The total number of shares on issue if all rights are exercised would be about 135 million (maximum rights to be issued 13,698,630).
Therefore, on a P/E of 30 & earnings of $80 million the share price would be $17.78.
Now once SMN gets approval from the F.A.A. for WiFi followed by further approvals for other sections of the aircraft, which should follow not too far down the track, earnings of $80 million should easily be achieved.
It is more than likely that the P/E would be more than 30 & the share price exceed $20.00.
The licence fees of $10m to $15m for a fully sensor fitted tier 1 airline fleet, originally estimated by SMN, should prove to be a substantial percentage of revenue & the sensor revenue will be a continuous stream as new aircraft are manufactured.
- Forums
- ASX - By Stock
- SMN
- Ann: Company Update & Capital Raising
Ann: Company Update & Capital Raising, page-42
-
- There are more pages in this discussion • 86 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMN (ASX) to my watchlist
(20min delay)
|
|||||
Last
59.5¢ |
Change
-0.005(0.83%) |
Mkt cap ! $82.41M |
Open | High | Low | Value | Volume |
60.0¢ | 60.0¢ | 59.5¢ | $1.268K | 2.126K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 850 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.5¢ | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 850 | 0.590 |
1 | 12678 | 0.585 |
2 | 10594 | 0.580 |
2 | 8986 | 0.560 |
1 | 4518 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.595 | 50 | 1 |
0.600 | 2413 | 1 |
0.610 | 5000 | 1 |
0.630 | 4916 | 1 |
0.640 | 120000 | 1 |
Last trade - 12.15pm 16/10/2024 (20 minute delay) ? |
Featured News
SMN (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online