Not sure why, but Street Hunter and Wanderer have taken 12-18 month since being released and have only started arriving in stores now, as demos but not in stock per se. Hopefully Stash doesn't take so long. We have a nice range of bikes now.
I reckon there's 2 ways to look at Vmoto...
1. Would you pay $150m to buy a company that makes $8m per npat?? No.
2. What about if they made $20m npat? Still not a great investment.
3. What about when we have hockey stick growth in 2024 and make $75m npat? I'd pay $300-$350m. There's your $1.50 sp, it's just around the corner.
Too quiet VMT, page-32
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