Just Bob,
This message is for you, as a eye opener to market valuations.
SMS should have a 2018/2019 total revenue of approx $15 million dollars. 100% increase on 2017/2018 financial year.
The company is expecting revenue to hit a record in the June QTR of approx $4.5 million.
Let's reflect each QTR.
Sept 2018 $3,548
Dec 2018 $3,652
Mar 2019 $3,488
Jun 2019 $4,500 Total $15.18 Million.
Current market valuation of $89 Million.
Next year will see revenue from CVM sensors fitted to B757 model aircraft!
Next year will see revenue from CVM sensors fitted to B737 model aircraft!
Next year will see new applications for CVM sensors,such as fitting to Radome structure in WiFi installs on all aircraft.
When you compare like for like in the technology space, revenue is revenue, orders are orders, technology is technology, and you look at other companies where management are about to announce their first whopping $4 million revenue per QTR, after making less than SMN did last financial year, yet have a market cap above $750 million dollars and rising, you have to asked yourself his question "Is SMS not the cheapest ever company listed on the ASX with revenue above $3.7 million per QTR?
If and when the market finally wakes up,if and when the market finally values SMS on par with other technology companies, if and when the market finally finds the large investors with an IQ above my Fantail goldfish, we will be above $6.
115 million shares X $7 = $690 million market cap.
ISX $729 million cap.
This is why I bought more shares today. This is why I have bought shares every month now for the last 36 months.I know the value, I have done the sums, and this is why I will re-write the buyers manual. This is why I follow the experts, this is why the greatest technology investor on the ASX is following Opti-I have the sums, he has the money! LOL He is the only guy who is reading from the same book as I, The "Magic of Thinking Big" by David J. Schwartz..
GLTA
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