SOM - Somnomed Limited

[tinhat]

Up a healthy 10% today to bring the share price to a modest PE of 113. The weekly chart is parabolic since mid Sep 13. This week saw new post-GFC highs. Nice to have at least one winner in the specki portfolio. :

 

[piggybank]

Daily Update:-

 

[VSntchr]

Since the $1.50 capital raising this thing is going gangbusters....

The scale back was massive, personally I only got a 20% allocation...I heard others scaled back even further..
That didn't stop the directors getting a nice fill tho :

Latest result showing good progress from initiatives with strong topline growth in all regions - market is now anticipating the next few periods to show some of this falling directly to the bottom line after this investment period...

 

[tinhat]

The roll out of the direct to consumer sleep centres in the USA is burning through more cash than originally planned. The twelve centres opened so far are taking longer to turn profitable than projected.

SOM is looking to keep expanding by rolling out new centres over the next two years and is undertaking a capital raising of $10.4m at $3.00 per share. They aim to be operating 40 centres at the end of 2020.