SMN 2.52% 58.0¢ structural monitoring systems plc

Guys, visit Market Index web page found here:...

  1. 2,609 Posts.
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    Guys, visit Market Index web page found here: https://www.marketindex.com.au/

    There is a link which illustrates other companies in the same sector. One of these companies is CDA.
    The business is as boring as watching grass grow, however, a business that has captured the attention of the market BIG FUNDS.
    There are two main facts that I want to draw you guys to as followers:-
    1. The Top 20 and the very high percentile of shareholders in this range.
    2. The unbelievable explosion in share price in 5 years. Remember back in late December 2015, SMN's share price was around the price it is now, well guess what? So was CDA.

    https://www.marketindex.com.au/asx/cda/advanced-chart
    https://www.marketindex.com.au/asx/smn/advanced-chart

    On the 1/07/2019 CDA broke through the resistance of $3.75 and went on a 22-month explosion in share price to a HIGH of $19.43 on 3/05/2021.
    The next 19 months saw CDA share price collapse back to $3.75 on 3/12/2022
    On the 3/12/2022 CDA broke through the resistance of $3.75 and went on a 19 month explosion "AGAIN" currently back to $15.50.

    Let's do some basic maths. You accumulated 100,000 shares in CDA at an average of $3.50 and sold 50% at $15 on the first run.

    50k x $15 = $750k = PROFIT $575k
    Buy 50k @$5 x $15 = 750k = PROFIT $500k

    Still holding 50k of shares with a current value of $775k

    $575 + $500 + 775 = 1850k on an investment of $600k

    You accumulated 100,000 shares in SMN at an average of $1.00.
    In the future, all "SUBJECTIVE" of course Just putting figures out there as a case-based scenario ONLY. Not Real Just a calculation.

    100k @$1 = $100k
    50k sold @$5 = $250k
    50k buy back @$3.50 = $175k
    50k sold @$5 = $250k

    $200k + 175k + $250k = 625k on an investment of 100k. Over the next 5 years (possibility) Low side figures.

    Always good to have a plan and plan the trade. Just putting it out there so you guys know what is happening in the TECH sector.
 
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Last
58.0¢
Change
-0.015(2.52%)
Mkt cap ! $79.66M
Open High Low Value Volume
58.0¢ 59.5¢ 57.0¢ $22.07K 38.22K

Buyers (Bids)

No. Vol. Price($)
1 5000 56.5¢
 

Sellers (Offers)

Price($) Vol. No.
58.0¢ 5999 1
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Last trade - 16.10pm 26/09/2024 (20 minute delay) ?
SMN (ASX) Chart
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