I want my VCR to play DVDs.
Heh.
A good accumulation price is 80/82c.
Current trading range is topped at 90c.
Possible target 1.00 - 1.20 by Nov/Dec'06 or on the next speculative hype, but not worth any higher unless there's earnings from core business or if they've made significant progress.
VCR is still a speculative stock. What they've done since the last report is a tradeoff between reducing interest bearing income in order to both back their product and move towards business objectives. But lowering cash reserves will increase their business risk profile. So don't expect any serious insitutional buyers.
Their latest capital raising ended oversubscribed but I hope they've got enough money to accomodate margins for error. The biggest threat against VCR is management's ability to commercialise the LVADs. #2 is delays.
Make of it what you want.
I wouldn't be investing in this stock. People'd be better off trading it. 90/80 = 12.5% roi.
VCR
ventracor limited
