I would suggest SMN is in a wave 2 of a larger degree 1st wave.
Based on a potential P/E of 30, with about 138 million shares on issue earnings of $85 million would bring in a share price of over $18.00. That is purely a mathematical calculation, but the potential is there for that number to be exceeded.
Current share price $0.585, potential over $18.00.
FAA approval estimated to be about February although they do take their time.
Overpriced CBA money looks a better bet at SMN.
For what it is worth, I own 430,000 SMN & will only sell about 5% when well over $5.00 & holding the rest for future dividends.
CBA, closing in on a double top, looks scary.
CBA Price at posting:
$144.25 Sentiment: Sell Disclosure: Held
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