Ann: Presentation-VMT.AX, page-11

Sorry chaps, tapped out at 20c.
I like the story but stop-loss kicked in.

This was a spec-value play for me and I was not enamored with the recent profit downgrade, along with the casual manner of it. Essentially, at 20.5c, P/E is 16-18 with PEG non-existent.

Focusing on the numbers and ignoring the talk, over the last 12 months mgt announced:
- FY15 Underlying NPAT guidance of $5-7m
- FY15 Revised Underlying NPAT guidance of $4-6m
- FY15 Actual Underlying NPAT of $4m (Actual NPAT was a loss)
- FY16 Underlying NPAT guidance of $2m

Maybe they're being conservative or maybe not?
Buy the rumour, sell the fact as they say.
GLTAH