The odds of SMN being priced on the AEM business with no CVM input after rejection by the FAA would be a minimum of 20-1 & possibly 100-1.
In that instance the AEM business alone should command an SMN share price of over 20c up to 40c per share.
The odds of SMN receiving FAA approval should be a minimum of 20-1 on or in other words almost a certainty.
Once SMN obtains FAA approval the share price should escalate dramatically to initially at least $2.00. Then Delta will pay SMN for installations already performed - another minimum 50c on the share price to $2.50. Delta then starts to fully fit out their fleet with sensors, add another 50c - $3.00.
SMN contract to fit out the fleet of another tier 1 airline - add $1.00 - $4.00. SMN starts contracting other airlines - add $1.00 - $5.00. SMN report significant profit - add $1.00 - $6.00. SMN to return capital to shareholders in lieu of dividend - add $1.00 - $7.00. One year later SMN profit grows substantially & return to shareholders increases substantially & SMN moves into ASX All Ordinaries Index - add $3.00 - $10.00.
In following years SMN share price increases as does the market cap & the Index Funds are forced to buy as a result of being in the relative indices.
When earnings reach $85 million based on a P/E of 30, the market cap should be over $2.5 billion & a share price in the vicinity of $18.00 on the basis of the current number of shares on issue.
I believe my initial projections of price increases is conservative.
The odds of SMN share price being around 30c in 5 years' time would be a minimum of 20.1.
The odds of SMN share price being over $5.00 in 5 years' time would be 20.1 on.
The current share price of 55c is a joke. You have a 20-1 on chance of making a minimum of 800% profit on the share price in 5 years.
This is like having a 20-1 on chance in a two-horse race at odds of 800-1.
Is there any other stock in the ASX with better prospects & better potential return? I think not.
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Last
57.5¢ |
Change
-0.005(0.86%) |
Mkt cap ! $79.66M |
Open | High | Low | Value | Volume |
57.0¢ | 57.5¢ | 57.0¢ | $17.69K | 30.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1600 | 57.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.0¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1600 | 0.575 |
1 | 434 | 0.570 |
1 | 5000 | 0.565 |
1 | 8928 | 0.560 |
1 | 9009 | 0.555 |
Price($) | Vol. | No. |
---|---|---|
0.590 | 5000 | 1 |
0.595 | 2673 | 1 |
0.625 | 4554 | 1 |
0.630 | 6837 | 1 |
0.650 | 9109 | 1 |
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