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10.7%

46.5¢ structural monitoring systems plc

2016 - 2023 same story, always just around the corner according...

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bombeiro911

1,146 Posts.

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15/08/23

14:41

Post #: 69348827
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Originally posted by redgum: ↑

The extensive feed back provided in the Update from the Executive Chairman 1st May 2023 indicated the delay was due to further testing required by the Boeing Certification Team re any potential issues with corrosion and perhaps anything else associated with the application of CVM at the APB. Once approved by this team the Service Bulletin would be prepared and then for it to proceed to the FAA for final approval.

Now given that this update referred in particular to the the delay brought on by Boeing I believe the Company is obliged to advise if this Service Bulletin has been prepared and perhaps submitted to the FAA (and if it has we should have been advised at SB time) or the Company should advise when it eventually does occur. So is this delay still with Boeing, or do we await the FAA? I consider we should know. Quite price sensitive information in my opinion.

Come this September I will have been in this stock since 2016 and am just getting a little tired of waiting. I want the benefit out of SMN - not my grand kids.

redgum

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2016 - 2023 same story, always just around the corner according to management.
I hope one day the timelines actually are correct.
On the plus side the moat is huge.

SMN Price at posting: 76.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 46.5¢		Change 0.045(10.7%)		Mkt cap ! $57.69M

Open	High	Low	Value	Volume
41.5¢	46.5¢	41.5¢	$64.79K	150.2K

Buyers (Bids)

No.	Vol.	Price($)
2	1239	46.0¢

Sellers (Offers)

Price($)	Vol.	No.
46.5¢	4282	2

View Market Depth

No.	Vol.	Price($)
4	3091	0.460
2	22386	0.425
1	50000	0.420
2	6493	0.390
1	20000	0.380

Price($)	Vol.	No.
0.465	5698	2
0.470	2	1
0.480	10000	1
0.500	1020	1
0.525	1375	1

Last trade - 15.51pm 05/07/2024 (20 minute delay)

SMN (ASX) Chart