Every year at Xmas time, we usually get all the uncles, and aunties etc...and kave a few drinks, and a great meal.
I have an ucle that I only really see once a year, but he's the kinda guy that is what many in theis forum would call and educated (sophisticated) investor.
Each year, after a few ports at the end of the evening, he'll annouced a few little hot stocks he, and his associates (brokers) have flagged as being good value buys for the coming FY.
** Let me stop the story here. As I only see my uncle literally 1 day in 365 per year, I have never made mention of any of my investments ***
Anywho..... previous years have been speccy shares such as FAR. In respect to FAR I got in those @ 2.3 cents - and out @ a very healthy margin.
Anyways.... as he rattled off his 2010 little run-down - low and behold VMT came up. I bit my lip.
He went on to mention all that we all know in this forum about the company, its direction, and alike.
I was most interested though in his comment ... ' there is a buzz on this share, as a lot of brokers think its excessively undervalued int he current market, and that a recent share placement @ 20 cents was still probably discounted around 50% in the short term'.
I asked him ' have you bought some of these of late?'. His reply ' many!'.
Summation.... i think that the brokers, and other guys that are in the know...and starting to gaze accross our Balance Sheets, and P & L's...and 2010 will define what a lot of hard work and focus can materialise.
Encouraging if anything.
JC
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $50.18M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.5¢ | $10.64K | 88.89K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11384 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 99069 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11384 | 0.120 |
9 | 202811 | 0.115 |
2 | 70000 | 0.110 |
2 | 58257 | 0.105 |
2 | 16500 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 90936 | 5 |
0.130 | 386570 | 2 |
0.135 | 94459 | 2 |
0.140 | 572189 | 3 |
0.145 | 55000 | 2 |
Last trade - 14.28pm 11/10/2024 (20 minute delay) ? |
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