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SMN, STRUCTURAL MONITORING SYSTEMS PLC
dr_dazmo
post Posted: Oct 3 2020, 09:35 AM
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Hi All,
Saw this & thought it was interesting given the recent sale to Intelsat of Gogo's commercial WiFi business & our CVM WiFi application.


Cheers
Dr_Dazmo

https://runwaygirlnetwork.com/2020/09/27/in...internet-model/


Intelsat to Delta: We can support free inflight Internet model

Intelsat firmly believes it can support Delta Air Lines plan to offer free inflight Internet to passengers once its $400 million acquisition of Gogos commercial aviation unit is completed. More broadly, the satellite operator sees an opportunity to reset Gogos arrangements with airlines to bring far better economics to the equation, and ergo put serious wind in the sails of the global Ku IFC value proposition.

We look at what Delta wants to do in terms of free inflight browsing, said Intelsat SVP, mobility Mark Rasmussen, and we think that is where a lot of airlines are going to go. I think Delta had a concern that there was not enough capacity to do it before, but this [acquisition of Gogo CA] changes that. This changes everything.

We can now bring to bear all the resources of our fleet that are possible fairly quickly to help support what they want to do, and with owner economics and pure vertical integration, we absolutely plan to offer to airlines services that are really fast, and at economics that make it possible for them to offer free Wi-Fi if they choose.

It wont surprise readers to learn that Intelsat intends to work hard to hold onto as many Delta tails as possible, even as the US major considers its multi-source IFC options under a newly amended 2Ku agreement with Gogo. Yes. In my own personal view and humble opinion, I think there is everything they need right here. Thats my view, Rasmussen told Runway Girl Network.





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Always remember the Golden Rule - Those with the Gold make the Rules!

Said 'Thanks' for this post: draughtsman  
 
nipper
post Posted: Oct 1 2020, 02:36 PM
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In Reply To: dr_dazmo's post @ Oct 1 2020, 01:45 PM

saw this on another site
QUOTE
SMN is currently priced at about $0.48 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 its 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 the SMN fully owned subsidary, AEM, as well as being the manufacturer of the CVM kits, with its 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 subsidiary business alone would be valued at the total market cap of $56 million. So future sales of the CVM kits will go straight 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.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

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dr_dazmo
post Posted: Oct 1 2020, 01:45 PM
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Hi ALl,
Haven't posted for a bit, but saw the latest AISCSHM committee & thought it significant.

https://www.sae.org/works/committeeHome.do?...tID=TEAAISCSHM#

Cheers
Dr_Dazmo






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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Jun 8 2020, 10:49 PM
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Hi All,
Outlook appears to be improving in the US towards airlines. biggrin.gif \

Cheers
Dr_Dazmo

https://www.cnbc.com/2020/06/07/stock-market-futures-open-to-close-news.html

U.S. stock futures were higher early Monday, building on the previous weeks sharp gains on optimism over the economy reopening.

Dow Jones Industrial Average futures rose 216 points, or 0.8%. The move implied an opening gain of about 200 points. S&P 500 futures jumped 0.5%. Nasdaq-100 futures were up 0.1%.

Stocks tied to the reopening of the economy led the gains once again in premarket trading. Airlines, retailers and cruise lines were higher. United was up 10%. Kohls added 6%. Shares of Carnival Corp. were up more than 16%.

JPMorgan Chase and Citigroup are both up more than 23% quarter to date while Hilton Worldwide is up 27.8%. American Airlines shares are up 52.5% in that time while Delta and United have gained 19.7% and 34.4%, respectively.



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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Apr 26 2020, 05:06 PM
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Interesting times!

Boeing terminates $4.2 billion deal with Embraer


New York (CNN Business)Boeing has terminated its $4.2 billion deal with Brazilian aircraft maker Embraer, the American company announced Saturday. The deal would have given Boeing a bigger stake in the market for smaller jets and help the company develop airplanes more cheaply.

Embraer responded Saturday in a press release that it will "pursue all remedies against Boeing for the damages incurred." It called Boeing's decision a wrongful termination.
In its press release, The Brazilian company made reference to the Boeing 737 Max's two fatal crashes that have cost the aircraft maker at least $18.7 billion. Embraer said the company was manufacturing "false claims" to avoid paying the $4.2 billion because of its "own financial condition and 737 Max and other business and reputational problems."
The two had planned to create a joint venture by April 24, but the deadline passed without Embraer satisfying the necessary conditions, according to Boeing, which declined to go into details about the specific unmet conditions. The Brazilian company said it believes it fully satisfied the deal's conditions.
"It is deeply disappointing," Marc Allen, Boeing's president of Embraer partnership and group operations, said in a press release. He said that over the past several months, Boeing had "productive but ultimately unsuccessful negotiations" with Embraer that couldn't be resolved by the April 24 deadline.
Under the terms of the deal, Boeing would own 80% of Embraer's commercial aircraft operations, while Embraer retained 20% ownership. It would have helped Embraer, a leading maker of small passenger jets, compete with Canadian rival Bombardier, which joined Airbus in a similar partnership announced in 2017.
In 2018, Boeing and Embraer said they expected to close the deal by late 2019, pending regulatory approval. The deal faced an antitrust probe from the European Union. Boeing said Saturday that all regulatory authorities had approved of the deal, except for the European Commission.
A separate joint venture between Boeing and Embraer for marketing and supporting the C-390 Millennium military aircraft remains intact.



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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Mar 24 2020, 08:12 PM
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https://smallcaps.com.au/structural-monitor...cvm-technology/

Structural Monitoring Systems on runway to commercialising its CVM technology
By George Tchetvertakov - March 24, 2020

Technology company Structural Monitoring Systems (ASX: SMN) has achieved a highly significant milestone as it progresses towards delivering its commercially-critical supplemental type certificate (STC) sometime in the third quarter of 2020.

However, the current COVID-19 pandemic could still prove a significant stumbling block, despite the company shifting its entire board and senior staff to an equity-only compensation structure and deploying “material compensation cuts”, possibly for the remainder of this year to reduce cash burn.

The company specialises in developing technology that can monitor and test the structural integrity of various materials and products such as aircraft, ships, power plants and rolling stocks.

In a statement to the market, Structural Monitoring said with all required signatures from the Federal Aviation Administration (FAA) technical standards branch managers obtained, the company has “clearly achieved” its previously communicated milestone within the time parameters indicated.

Moreover, Structural Monitoring said it intends to leverage its commercial partnerships with Delta Air Lines, Delta Engineering and Sandia Labs to acquire full commercial approval for CVM use as applicable to the inspections required for the radome installation related to Ku and 2Ku installed WiFi systems.

Certifying CVM
According to Structural Monitoring, CVM offers a novel method for in-situ, real-time monitoring of crack initiation and propagation.

CVM is a measure of the differential pressure between fine galleries containing a low vacuum alternating with galleries at atmosphere in a simple manifold.

The company’s management told the market that completion of its intellectual property would effectively pave the way for an “all-important” STC approval for on-aircraft use, whereby CVM would significantly mitigate or replace the requirement for ground-based hangar inspections.

With the FAA now releasing stage two of its issue paper, Structural Monitoring said its technical team has been given far greater clarity regarding the final process requirements to achieve final STC certification.

“It is therefore expected that the culminating stage three and four milestones will present minimal challenges, and move much quicker to completion, relative to the receipt of the stage two document,” the company said.

Future progress
Having achieved its critical stage two milestone, Structural Monitoring published its near-term expectations, which includes moving into stage three with Delta Engineering with its engineering team now tasked with reviewing and providing feedback to the FAA.

Once the company’s feedback is processed, the FAA is expected to update the issue paper and establish a conclusion.

Upon receiving a decision from the FAA, Delta Engineering and Structural Monitoring will address the final certification requirements and will then proceed to final STC certification/approval of CVM for use on WiFi antenna structure inspections.

According to Structural Monitoring, both stages three and four could be completed by the end of the year, although the impact of the COVID-19 remains largely unknown.

“The company fully expects stages three and four to be completed by Q4 2020, but this forecast will be more optimistic if the global situation improves in the ensuing months,” it said.

Once the FAA has issued the issue paper, Structural Monitoring intends to deploy marketing efforts for commercial sales, remaining fully focused on striking deals with the likes of United Airlines, Republic Airways, Southwest Airlines, RyanAir, Air France and KLM.

Furthermore, the company said due to industry awareness and “excitement” related to the FAA issue paper, it has initiated “key discussions” with a major US airline to identify additional structural inspections for future CVM technology use beyond the scope related to WiFi inspections – a deal that would supplement the existing relationship with Delta Air Lines.

The aircraft types set to benefit from Structural Monitoring’s technology will initially be the B737, B757 and A320 aircraft families, as well as the Embraer E170 and E190 aircraft types.

This morning’s news had an immediate impact on Structural Monitoring shares, which more than doubled to $0.50 per share, up 140% by afternoon trade.



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dr_dazmo
post Posted: Mar 16 2020, 12:44 PM
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In Reply To: mullokintyre's post @ Mar 14 2020, 09:30 AM

You could be right Mick, but history suggests, this too will pass.

I suspect the Buffets of the world will be the overall winners out of the current situation smile.gif

Timing is everything..

Cheers
Dr_Dazmo



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Always remember the Golden Rule - Those with the Gold make the Rules!
 
mullokintyre
post Posted: Mar 14 2020, 09:30 AM
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In Reply To: dr_dazmo's post @ Mar 14 2020, 08:37 AM

The way planes are being grounded, there will be nothing in the air to be monitored.
Makes Warren Buffets decision to invest heavily in airlines not such a great move.
Mick



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dr_dazmo
post Posted: Mar 14 2020, 08:37 AM
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FAA Considers Enhanced Inspections After Southwest Jet Suffers Structural Problem

https://www.wsj.com/articles/faa-considers-...lem-11584130012

U.S. air-safety officials are investigating potential structural problems affecting hundreds of Boeing 737 jets following an in-flight incident that left a 12-inch rupture in the aluminum skin of a Southwest Airlines plane.





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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Mar 14 2020, 08:33 AM
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[b]Delta slashes flights by 40%

Delta Air Lines will cut passenger-carrying capacity by 40% to deal with a nosedive in travel demand, and it is talking to the White House and Congress about assistance to get through a downturn caused by the new coronavirus.

The 40% cut in capacity is the largest in Delta’s history, surpassing reductions that were made after the September 2001 terror attacks.

And the outlook for airlines is still getting worse.

“The speed of the demand fall-off is unlike anything we’ve seen – and we’ve seen a lot in our business,” CEO Ed Bastian said in a memo to Delta’s 90,000 employees Friday.

“We are in discussions with the White House and Congress regarding the support they can provide to help us through this period. I’m optimistic we will receive their support,” he said, adding, however, that the airline “can’t put our company’s future at risk waiting on aid from our government.”

Shares of Delta were up 14% in midday trading Friday amid a broader market rally.

Even before Delta’s announcement, Treasury Secretary Steven Mnuchin signaled that Washington wants to provide aid to the airline industry.

“We will be coming very quickly back on issues dealing with the airline industry,” Mnuchin told CNBC on Friday. “Just as after Sept. 11, we are very committed to make sure that our U.S. airlines have the ability and have the liquidity to get through this.”

Delta is the world’s largest airline by revenue, and it has consistently been the most profitable U.S. carrier over the past decade.

Just over a week ago, airline CEOs who emerged from a White House meeting with President Donald Trump said they did not ask for help from Washington.

However, the combination of fewer bookings and more cancellations has picked up speed since then, and the airlines’ problems were made even more dire by Trump’s decision this week to ban most foreigners from flying from Europe to the U.S. for 30 days, beginning at midnight Friday.

Delta, American Airlines and United Airlines announced fresh rounds of flight cutbacks soon after Trump announced the ban.


With bookings plunging because of the coronavirus and travel restrictions imposed by governments, airlines have cut thousands of flights, frozen hiring and increased borrowing to shore up their liquidity.ost in its history — as virus cripples global travel[/b]

https://www.cnbc.com/2020/03/13/coronavirus...bal-travel.html



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