Cheers pods. The more I write the more I become the bear so I'll give it a rest. I have a bad feeling about being right (I don't want to be right) and hope I am wrong in my prognosis, as I still hold a chonk of VMT and endlessly buying and selling to get the returns is tiring. If I'm digging into my pockets at 32c/sh or 28c/sh or worse, it will be with a heavy heart.
What I do want is for us to keep pressure on VMT management over share price performance, not applaud them or keep making excuses for them. The stock market share price version of VMT is a sick dog and has been since September 2020. I have seen some posters hail the investment returns to now on VMT since early 2020 or 2019. That is dishonest as the VMT share price has been gradually trending down since September 2020. To be truthful - the big investment returns on VMT were achieved only over the twelve months until September 2020 where VMT share price went from <10c/sh to >60c/sh, after literally being dead for 7-8 years. It's been down trending since.
To corroborate my words, set the price history to MAX and then to 3 years on the below, and you will see:
VMT share price and company information for ASX:VMT
General Discussion, page-36
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $52.67M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $29.29K | 229.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27110 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 298600 | 3 |
View Market Depth
| Last trade - 15.36pm 29/04/2024 (20 minute delay) ? |
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Last
13.0¢ |
Change
0.005 ( 4.00 %) |
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| Open | High | Low | Volume | ||
| 13.0¢ | 13.0¢ | 12.5¢ | 31731 | ||
| Last updated 14.48pm 29/04/2024 ? | |||||
| VMT (ASX) Chart |