Thanks for sharing your hand of cards to us JustBob. I would do...

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Jm1981

128 Posts.

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30/01/17

21:43

Post #: 22230428
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Originally posted by JUSTBOB ↑

I just re-listened to the November 28 conference call.

The statement that was made was that "we hope to have an announcement before Christmas."
He did not say we will have a signed contract before Christmas.

It was estimated that the revenue from a single airline could be in the vicinity of $15-$18 million based on the lost opportunity cost of making $150,000 per day per aircraft. Aircraft could be grounded for current methods of checking for up to 3 days per year even if no stress cracking is found. Currently, a certain amount of damage is done to the aircraft when parts of the aircraft are dismantled for visual inspection & then reinstalled.

If we take, what would appear to be a conservative approach & say that each airline brings in, on average, a $10 million profit to SMS then if only ten airlines of significant size, or the equivalent, then you will have an annual profit of about $100 million which equates to about $1.00 profit per share as there are about 100 million shares on issue.

If, based on a Price/Ernings of 15 then the share price should be $15.00.

Now imagine fixed wing aircraft, military aircraft & more than 10 airlines using SMS technology plus the possibility of the technology being used on bridges, of which there are many in bad need of repair & numerous other areas where stress cracking occurs then you have a potential share price rising to well over $20.00 per share.

Makes the mind boggle.

Does anyone think I am overly optimistic?

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Thanks for sharing your hand of cards to us JustBob. I would do the same but I can't because my hand is more optimistic than yours

SMN Price at posting: $1.52 Sentiment: Hold Disclosure: Held
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Last 55.0¢		Change -0.140(20.3%)		Mkt cap ! $75.54M

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