You'd need self-managed super fund (SMSF) to buy SOM and generally as a rule of thumb, you should have at least $200k as SMSF's are more expensive to run with accounting & audit fees. But can be worth it as earnings are taxed at 15% for a complying fund.
My history on SOM:
I got in early as I saw a small write up in AFR when they did a quick summary on 5 stocks (probably in 2006/7). I bought a small parcel at $500 odd as a punt as I thought it was very cheap and had a lot of potential. I kept watching and seeing news on the big problem of sleep apnoea so I took a risk and bought more in the SPP which I think was limited to $5k. I wanted a fair stack at $0.014 which was obviously before they did the consolidation but I just missed out as I had to go up to $0.015 (which I'm kicking myself that I didn't) and it has gone up ever since. It hasn't however been smooth sailing. There were write-ups on large holders/management being involved in failed companies I think so I had doubts but it has paid off.
I think Mal has definitely done very well on this as he was buying big when it was sub $1.
I like your future SP's inception This is one of the few stocks that Bioshares have constantly as a Buy. Pretty much all other stocks they do research on is Speculative Buy/Hold.
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $95.08M |
Open | High | Low | Value | Volume |
29.0¢ | 29.5¢ | 29.0¢ | $7.157K | 24.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 3200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 1.490 |
1 | 690 | 1.450 |
1 | 487 | 1.410 |
1 | 513 | 1.370 |
1 | 1500 | 1.195 |
Price($) | Vol. | No. |
---|---|---|
1.760 | 188 | 1 |
1.950 | 2701 | 2 |
1.990 | 10000 | 1 |
2.000 | 1637 | 1 |
2.100 | 2500 | 1 |
Last trade - 10.37am 15/11/2024 (20 minute delay) ? |
SOM (ASX) Chart |