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post Posted: Sep 1 2004, 04:03 PM
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Posts: 209
Thanks: 1

The following is copied from website. They have given out some good speccies in recent times : [excluding call/put options] = Tomahawk, Nuenco, Orchard Petroleum etc etc. Worth registering on their website for useful info. Although most is for futures/options traders; they email an excellent summary mid morning of the previous days and last nights activity.

""SMN – Structural Monitoring Systems

Structural Monitoring Systems joined the sharemarket lists for the first time on Monday the 16th Aug, and the 25c shares opened at 18c and traded between 19c and 15.5c before settling at 16.5c.
The 1-for-1 free options opened at 4.2c, covered a range of 5c/4.1c and settled at 4.7c. In the first two hours more than 4.5 million of the 145.2 million shares on issue were traded.

Structural Monitoring Systems is involved in the development and commercialisation of technology for testing and monitoring structural integrity of materials that are subject to stress and fatigue in structures such as aircraft, ships, rolling stock and power plants.

The company owns all of the rights to the patented Comparative Vacuum Monitoring technology. CVM is a technology that can detect and monitor materials for very early signs of stress, corrosion and fatigue cracking. It can also monitor progression of these defects in real-time.
Copyright © 2004 RWE Australian Business News. All rights reserved.

The Company is still trading below its issue price but has picked up nicely over the last few days. It may be worth keeping an eye on as any motivated sellers (the company has been unlisted for many years and a listing provides a selling opportunity) leave the market over this early stage.
Opened at 22c today but last I saw was 20.5c, down 0.5c from yesterday.
I'm looking to buy on any weakness at around 18c. Just need a negative market day.
Still researching but looks a good play with the right entry price.

post Posted: Aug 30 2004, 10:05 PM
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Posts: 261

In reply to: mminion on Monday 30/08/04 12:46pm

Have this one on my watch list, anyone have any ideas on revenue for these guys?
Not able to find much.


The devil is in the detail.
The writing on the side your gun says "REPLICA" whereas the writing on the side of mine says "0.50 Calibre DESERT EAGLE".
I don't like your chances.
post Posted: Aug 30 2004, 12:46 PM
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Posts: 2,415
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Created by request wink.gif


Don't stall a plane

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