Dividend projection confirms this IMO. Massive. $US6-7 million initial sales from Delta and top line revenue of C$13 million from AEM. Short term revenue - check
$US 10-15 million licensing agreements per annum/per operator + subsequent (non-discounted) sales of equipment at a near 100% margin. "AEM has built relationships with many OEMs Tier 1 to Tier 3 suppliers, other manufacturers, as well as a global network of aircraft and component dealers." Future exponentially increased revenue - check
"Becoming an OEM-certified manufacturer is definitively a long-term, time and cost intensive process" Increased what was already 10 years worth of barrier to entry - check
"Cobham markets and sells products which are manufactured by AEM" - We've gained a relationship with a GBP3.25bn market cap company who have been selling aircraft maintenance to government and defense organisations for 25 years! Future diversification of sales - civilian + government + defense + planes/helicopters - check
Management of both SMN and AEM throwing in their own cash. David Veitch and Ray Lewis founded AEM in 2009 and have now sold it a mere 8 years later for $10 million. David Veitch is a former director of SMN and has been indirectly as the controller of AEM a major shareholder of SMN since 2012. His SMN directorship was passed on to Ray Lewis last year. - Committed, long-term and successful management - check
AEM held 1,000,000 shares in SMN prior to the purchase.
"As a result ... ability to deliver value from the design stage (product development and advisory), to manufacturing (delivery of consistently high-quality products), through to fleet maintenance (repair, refurbishment and replacement)." Moved from developmental (risk) stage to manufacturing and even servicing the products ourselves - check
$360,000 turnover in the tiny 30 minute window of opportunity today. Surely we are knocking on the door of Mr 509,292 @ $1.85 by COB Friday if not before. Can't wait to find out if he's real or not! I've grown quite fond if his daily antics, it will be a shame to see him go.
GLTAH & DYOR & look forward to the next day, week, year, decade of SMN
- Forums
- ASX - By Stock
- Ann: Trading Halt
Dividend projection confirms this IMO. Massive. $US6-7 million...
Featured News
Add SMN (ASX) to my watchlist
|
|||||
Last
40.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.40M |
Open | High | Low | Value | Volume |
40.5¢ | 41.5¢ | 40.0¢ | $9.196K | 22.79K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1305 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 3491 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.400 |
1 | 37000 | 0.395 |
2 | 6560 | 0.390 |
1 | 2000 | 0.385 |
2 | 29517 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 3491 | 2 |
0.435 | 1493 | 1 |
0.445 | 1391 | 1 |
0.450 | 2000 | 1 |
0.480 | 10000 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
SMN (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online