Semnet Contract!!24 Jul 2024 12:28
Bearing in mind the current market cap of Semnet and the size of the new contract recently awarded, GST's 66% approx shareholding in the company looks to be a very shrewd move. There is scope for massive increase in the Semnet MCAP, and therefore the worth of GST's %age, despite the fact that S are a private company, this can still be sold in part, or in it's entirety. I would say GST's SP today, is still an amazing opportunity to accumulate., no?
"In its most recently published unaudited accounts, to 30 September 2022, Semnet had a turnover of US$4.22 million and reported profit before tax of approximately US$0.21 million." (from 29th Feb '24 RNS)
"Completion of the acquisition of Semnet Pte Ltd ("Semnet"), a cybersecurity company based in Singapore, in 29 February 2024. Prior to the acquisition's completion, a US$36 million contract was secured for the sale of high-performance application servers and solutions specifically designed for artificial intelligence (AI). These solutions feature the cutting-edge NVIDIA HGX H800 8-GPUs" (From today's RNS)
So GST's 66% cost £1.8m; remaining 34% worth approx £612k, so approx market Value of S= approx £2,412,000....
guess what chips the servers that they're selling contain, and what they're purpose is.
My guess is that investors are already/ will be looking to accumulate massively in the background.
Today's drop just being a large trading opportunity, especially bearing in mind the boost before news of yesterday....
GLA