SMN technical analysis chart, page-8

Oops that was badly edited and catty too…

Here’s the relevant excerpt  again from  a LiveWire Markets interview last month mentioning SMN and Wilson Asset Management regret at not previously entering.

cheers

NB the price here that day was 90c.


https://www.livewiremarkets.com/wires/outlook-for-small-to-mid-cap-australian-companies

Here’s the lead …

•25TH MAR, 22​

Outlook for small-to-mid cap Australian companies​

While the outlook for equity market remains uncertain, investments in Australian small-cap companies remain compelling. ​

Find out more about the sectors the WAM Capital (ASX: WAM), WAM Microcap (ASX: WMI), WAM Research (ASX: WAX) and WAM Active (ASX: WAA) investment team are watching in an Investor Q&A webinar with Lead Portfolio Manager Oscar Oberg, Portfolio Manager Tobias Yao and Equity Analyst Sam Koch.​

and the relevant excerpt:

…Camilla Cox: Thanks Tobias. Sam this one is from Bob who says: what are your thoughts on Structural Monitoring Systems (ASX: SMN)? After the announcement of the breakthrough FAA certification is there anything more that is required before WAM Microcap becomes a shareholder?​

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Sam Koch: I think that is a great question and I have looked at Structural Monitoring Systems and obviously the FAA’s recent approval is a massive tick, a massive validation of the technology that they have. ​

At the moment it comes down to execution in terms of executing the commercialisation post that approval. ​

When you look at the share price and what it has done this month, the stock is up 100%. ​

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With a $120 million market cap I think they did $18 or $15 million in revenue over the last two years before coronavirus, so their expectation is building already within the share price, that they will be able to execute accordingly. ​

At this stage we are probably looking for a better entry price.​

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Oscar Oberg: And Bob we have not caught up in person for a long time, you have been telling me about Structural Monitoring Systems for a long time, I am sorry, we should have invested in it.​