Agreed, investors need to know a clearer picture of what they are doing with the capital - why are they holding on to it? is it going to deployed in a aggressive marketing campaign in the USA or India, do they need to build a warehouse/distribution centre in India/USA? If they dont have a positive use that will grow shareholder value, then return it to shareholders through a buyback or dividend or both.
I believe in the management team based on the results they have delivered over the last 4 years but they really have to start promoting the company to the Aussie investing community. they are so unknown and the SP reflects it.
General Discussion, page-716
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $54.36M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $15.21K | 120K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9132 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 120000 | 2 |
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| VMT (ASX) Chart |