SMN - Structural Monitoring Systems
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Hi All
Have just joined this forum hoping to get some good feed back on this stock SMN. But appears no one is following it? today the stock is around $1.85. there should be a contract awarded before year end or first quarter 2017
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Hi All
Have just joined this forum hoping to get some good feed back on this stock SMN. But appears no one is following it? today the stock is around $1.85. there should be a contract awarded before year end or first quarter 2017
Welcome at ASF,
I'm sure you will enjoy your stay and get heaps of feedback.
Let me start on SMN right away.
It hadn't been on my watchlist, so Thankyou for mentioning it.
Trading predominantly long and following Technical rules, I am not surprised that there hasn't been a great deal of interest. For months, if's gone downhill with no obvious support in sight.
However, it appears to move nicely between Fibonacci levels and coming off the midpoint of an a8-month trading range. That I take as an encouraging sign. For me, the next level to watch is Fib 61.8% = $1.98, which happens to also have been resistance on the 29th December last year.
If it stays that way this time around, then it's still no buy for me (yet). If the level can be broken and turned into support, things will really become interesting, seeing that would also lead to a break out of the Bearish channel.
Alert set. Good luck to anyone who may already be a holder.
Have been in since 2004 2m @ 0.01 but lost most of that holding with the consolidation in 2010 10;1
Share cap is just over 100m not large and 50%held by TOP20.
If I had the funds I would buy more right now it will fly past $3 when contract is awarded.
What do you think of ERL they are about 1~2 months off first gold production at Pennys Find?
Share cap is just over 100m not large and 50%held by TOP20.
If I had the funds I would buy more right now it will fly past $3 when contract is awarded.
What do you think of ERL they are about 1~2 months off first gold production at Pennys Find?
sold 500,000 @.019 leaving me with 700,000 @. .001c Feeling pretty good at this stage even though SMN only has $300,000 in cash left
Are you still holding SMN?
SMN is currently priced at about .48c with a M/C of about $56 million.
With the assistance of some of the largest airplane industry players (Delta, Sandia and others) SMN and it's partners have now forwarded to FAA their final submission for approval of their CVM technology. After over 7 years of submissions, they consider that full approval for their CVM technology for 2k WI Fi and structural frames will be approved in full by the end of 2020.
To support the share price in the meantime SMN's fully owned subsidary, AEM, as well as being the manufacturer of the CVM kits, with it's own customer base, mainly rotorcraft, had sales of over $18 million last year and is expected to have the whole company at breakeven this year. This subsidary business alone would be valued at the total market cap of $56 million. So future sales of the CVM kits will go staight to the bottom line.
Trial kits have already been installed in airplanes and helicopters and after establishing themselves in aircraft they can then concentrate on kits for buildings and bridges.
SMN intends to be paying dividends within the first 2 years of FAA approval.
Any future competitor would have to go through the strenuous FAA process.
With the assistance of some of the largest airplane industry players (Delta, Sandia and others) SMN and it's partners have now forwarded to FAA their final submission for approval of their CVM technology. After over 7 years of submissions, they consider that full approval for their CVM technology for 2k WI Fi and structural frames will be approved in full by the end of 2020.
To support the share price in the meantime SMN's fully owned subsidary, AEM, as well as being the manufacturer of the CVM kits, with it's own customer base, mainly rotorcraft, had sales of over $18 million last year and is expected to have the whole company at breakeven this year. This subsidary business alone would be valued at the total market cap of $56 million. So future sales of the CVM kits will go staight to the bottom line.
Trial kits have already been installed in airplanes and helicopters and after establishing themselves in aircraft they can then concentrate on kits for buildings and bridges.
SMN intends to be paying dividends within the first 2 years of FAA approval.
Any future competitor would have to go through the strenuous FAA process.
galumay
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I noticed this company for the first time when I read its 4C a couple of days ago, its not really operating cash flow positive because if you back out the grants its negative. I will keep an eye on it and see if it can develop into an investible business, because there does seem to be some potential.
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Interesting industry subject area with plenty of long term growth room with the buildings, bridges etc areas to move into.
I think mines are probably a big market potentially also together with oil and gas industries, I guess the oil industry is slowly dieing out though...
Looking forward, I could see these solutions taken up voluntarily, followed by mandations into law further down the track. (eg, required in new buildings in certain areas or buildings taller than X stories etc)
(Think, Miami, Florida and recent disaster, a sad and avoidable event, etc)
Could also see potential insurance pricing benefits for properties with monitoring systems tied in with it being a selling point.
Future property inspections and valuations would/ could consider structural/ seismic shifting and settling history
Will put it on the watchlist.
Thanks @access for bringing it to our attention and good luck in the comp!
I think mines are probably a big market potentially also together with oil and gas industries, I guess the oil industry is slowly dieing out though...
Looking forward, I could see these solutions taken up voluntarily, followed by mandations into law further down the track. (eg, required in new buildings in certain areas or buildings taller than X stories etc)
(Think, Miami, Florida and recent disaster, a sad and avoidable event, etc)
Could also see potential insurance pricing benefits for properties with monitoring systems tied in with it being a selling point.
Future property inspections and valuations would/ could consider structural/ seismic shifting and settling history
Will put it on the watchlist.
Thanks @access for bringing it to our attention and good luck in the comp!
Dona Ferentes
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there is a poster Dr Dazmo elsewhere, a true believer; comes up with interesting links
aviationweek.com
https://e-lass.eu/media/2020/02/291345_RAMS...sentation-1.pdf
Podcast: Why Delta Is Testing Airplane Structural Monitoring Sensors | Aviation Week Network
Delta Air Lines installed sensors on the WiFi antenna area of an aircraft to test structural health monitoring. Could this be a step toward moving airframe MRO to a more predictive maintenance model, similar to that used by engines?
aviationweek.com
https://e-lass.eu/media/2020/02/291345_RAMS...sentation-1.pdf
galumay
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Yep, the narrative is encouraging for the business, it piqued my interest enough to put it in my list to check in and see if they can become a viable business at some point in the future.
Dona Ferentes
A little bit OC⚡DC
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5 High-Tech advances taking planes to new heights
airwaysmag.com
5 High-Tech Advances Taking Airplanes to New Heights
MIAMI - New aviation industry technologies — like sensors, AI-powered monitoring systems, and alternative fuels — are helping to make the airplane industry
airwaysmag.com
Dona Ferentes
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and SMN soaring on the tailwinds. Uplift from 41c a month ago to 91c today
I am hoping for FAA approval this month. Company is expecting it to come 'well before the end of the year'. Some adjustments to the instruction manual were the final requirement by FAA and they have been submitted.
If approved this month am expecting a minimum share price of $1.50 and onward from there.
If approved this month am expecting a minimum share price of $1.50 and onward from there.
galumay
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Not a great result for the FY 2021, losses continue, FCF weak, not an investible business IMO at this stage, I will keep an eye on it because it may yet get there. I have learnt not to get sucked in by the narrative on potential businesses like this, better to wait and see if they can execute, and pay a bit more when the risk is off if thats how it plays out.
Dona Ferentes
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Structural Monitoring Systems is seeking to raise $22.6 million in an equity raising via Evolution Capital, split into a $10 million placement and $12.6 million rights issue, according to terms sent to potential investors.
New shares were on offer at 62¢ each, which was a 36 per cent discount to the last close.
The placement would see 16.1 million new shares issued, while the rights issue was a one for six non renounceable deal for another 20.3 million shares.
Funds raised would be used for working capital and "strategic debt optimisation" according to terms sent to potential investors, as well as "future acquisitions & capex requirements".
New shares were on offer at 62¢ each, which was a 36 per cent discount to the last close.
The placement would see 16.1 million new shares issued, while the rights issue was a one for six non renounceable deal for another 20.3 million shares.
Funds raised would be used for working capital and "strategic debt optimisation" according to terms sent to potential investors, as well as "future acquisitions & capex requirements".
