VTI 14.3% 16.0¢ visioneering technologies inc.

Honestly, I expect more people to give up and sell out prior to...

  1. 363 Posts.
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    Honestly, I expect more people to give up and sell out prior to Christmas as it's been a long road to date. When you are talking about a company that has raised close to $100m AUD and has a market cap of around $22m AUD the shareholder value creation has not been there to date. I acquired shares in the company in one entity around the $1.80 per share market earlier this year and recently in another around $0.99 around September and we would be better placed than much of the registrar who have higher acquisition prices on the shares. I think there are a lot of reasons to be optimistic about the future of the business however, there is still a long way to go in revenue growth terms to achieve profitability and provide a reasonable return on equity to those long term holders. My time horizon on this company is circa 2024-2025 in terms of when I think it will if it's successful achieve a material return on equity. It will likely need to raise funds at least once more between now and then even if it is at or close to break even for those future product developments and working capital.
    Last edited by romans: 18/11/21
 
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Last trade - 15.58pm 31/05/2024 (20 minute delay) ?
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