1. I made the point that the limiting factor was the speed of installations & availability of aircraft.
2. There will be new aircraft being manufactured & hopefully sensors can be fitted during manufacture. There will, hopefully be new applications that bring in other types of aircraft that will use sensors.
3. Tax, SMN has tax losses. Interest, SMN should be cash flow positive with no borrowings. P/E on earnings, we do not know Delta's discount on sales to other airlines & I stated you to make your own calculations on whatever earnings you cared to anticipate. It is purely a mathematical calculation that can be adjusted to any level of earnings based on the number of shares on issue, a P/E of your choice & any level of earnings.
As mentioned, AEM earnings were included in my figures.
The share price figures should be conservative when you consider that I allowed for all options to be exercised in calculating number of shares on issue & the P/E of 30 I used could be a lot higher in the early stages.
SMN initially should return capital to investors rather than dividends until tax losses have been absorbed & they are paying tax which will enable dividends to be franked.
SMN Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)