As a mere calculation of the potential SMN share price based on the 134,837,032 shares on issue (rounded to 135 million), on a P/E of 30 the share price would be 40.5 cents for each cent of earnings.
Consequently, earnings of $1.35 million on a P/E of 30 = a share price of $0.405. This also means earnings of $13.5 million would have a share price of $4.05 & earnings of $85 million would have a share price of $25.50.
The above are purely mathematical calculations that indicate the huge potential of SMN once they have that final approval.
I stress the point that these are only calculations of what might be possible.
It is likely that once approval has been obtained, SMN will probably have a share issue at a price per share considerably higher than the current price. That share issue will totally distort the above calculations but by buying before approval will be a lot cheaper than after approval.
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Last
68.0¢ |
Change
-0.030(4.23%) |
Mkt cap ! $93.40M |
Open | High | Low | Value | Volume |
71.0¢ | 71.0¢ | 67.0¢ | $17.20K | 25.09K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15757 | 68.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.0¢ | 11084 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15757 | 0.680 |
1 | 5000 | 0.675 |
2 | 30666 | 0.665 |
2 | 44972 | 0.660 |
2 | 15500 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.710 | 11084 | 1 |
0.715 | 12121 | 1 |
0.720 | 24473 | 2 |
0.730 | 13487 | 1 |
0.735 | 87143 | 2 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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SMN (ASX) Chart |