I tend to agree with you, and if you look at my post history you will see i've been vocal in my frustration. It's now time for them to deliver profit, cashflow and a dividend.
The one out I will give them is that they were tracking towards achieving this prior to COVID taking the wind out of their sails. In H1 last year they did $2.3 mil NPAT and $1.7 mil of operating cashflow. If you annualize that then it's a great result for a company with a $20 mil market cap. Now obviously that's a counterfactual, but it shows the potential earnings this year assuming a return to normal operating conditions. There is also the potential for further upside given that they have guided for increased revenue, and then there is the potential John Holland settlement that everyone has forgotten about.
Risk/Reward is firmly to the upside.
VMX Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
