To anyone posting "this will rocket" or anticipating a big change in share price as a result of the news, my view is different, the results have been factored in based on the preliminary report released on August 31st, the real driver for share price value has come over the last few announcements which is demonstrating the growth through material announcements. I have taken a position in this company for the below reasons:
- EBITDA positive already!
- Moving towards breakeven on a PBT basis.
- Assuming material growth, highly likely to be op cash positive.
- Large management interest (35%) and other top 20 ownership (another 35%).
- Fast growing industry, which is in demand.
I only have a modest parcel at the minute due to lack of spare $, but I intend to load up on VR1 for the long run. I hope this doesn't do a BRN and lift off stupidly and ruin the chart for this business, its a true business which should host a healthy uptrending graph over time, it will respect those who are patient in my view. My target price for loading up more stocks is 9-10c. There is a large gap, however, I have 2 weeks before payday (monthly pay) and will look at more shares then.
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.61M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $6.325K | 765.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 529843 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 4933839 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 529843 | 0.008 |
23 | 3940835 | 0.007 |
8 | 2615000 | 0.006 |
5 | 3620000 | 0.005 |
4 | 2250000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 4933839 | 12 |
0.010 | 7729052 | 8 |
0.011 | 5355108 | 11 |
0.012 | 1811124 | 5 |
0.013 | 1401923 | 5 |
Last trade - 10.32am 13/09/2024 (20 minute delay) ? |
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