Management is doing a good job in focusing on the business, but focussing on the business is not enough when the company is a listed company
The ASX is a secondary market, management needs to maintain market confidence and keeps market updated on what they are doing. Good news will help to move the SP up.
China's new legislation is to impose a tax on goods purchased through e-commerce and grey markets
My understanding is that VIT has little exposure to that, it's fundamental business is with NZ, Oz and is expanding to China through opening shops in china etc
IMO what management needed to do is to be more proactive and update the market more frequently.
With the current sp, I think it is cheap and might catch the attention of the big boys and could be a take over target.
Of course, it is just my opinion and I am no expert.
DYOR
VIT Price at posting:
$1.50 Sentiment: Buy Disclosure: Held
