They say patience is a virtue. I've been a long time shareholder of VMT, rode the downturn and finally enjoying some fruits.
After picking up the AFR on the weekend and seeing positive publicity, I thought I'd reflect and compare "then" and "now".
Then (2013 - 2014 financials)
* business focused on high volume, low margin
* share price was trading at 30-40c
* revenue around $30m - $40m
* profit $300k - $400k
* cash equivalent to debt.
Now (2019)
* business focused on higher margin sales
* revenue could be $50m-$70m (depending on how the remaining 2020FY quarters go)
* profits (NPAT) could therefore be close to $5m
* Cash at bank (nett cash) could be $10m+ (June 2020) <June 2019 was $4m>
* And so its current 21c share price, compared with operations 5 years ago ... should be closer to $1.
Feel free to do your own number crunching.
Let the day traders take their profits and find something else. VMT undervalued and worth staying patient with IMO.
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $52.27M |
Open | High | Low | Value | Volume |
11.5¢ | 12.5¢ | 11.5¢ | $17.75K | 150K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 53963 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 230743 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 53963 | 0.115 |
2 | 70000 | 0.110 |
3 | 78257 | 0.105 |
2 | 16500 | 0.100 |
1 | 33000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 134435 | 4 |
0.130 | 447698 | 5 |
0.135 | 94459 | 2 |
0.140 | 563739 | 2 |
0.145 | 112654 | 3 |
Last trade - 15.23pm 04/10/2024 (20 minute delay) ? |
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VMT (ASX) Chart |