Great post TheBigM. I agree 100%. Also noted by management in the earnings conference call transcript, Justin Mills said quote "However, we witnessed first hand that as physical stores reopened, online sales fell sharply". I reckon when vic starts to reopen stores again, then we'll see a mad rush to the shops again just like we did in late May and early June in Vic from memory and that's just human behaviour after a lock down I guess. Also vcx gearing approx 25%, so we are in the lower range of the 25-35% target band. CFO mentioned quote " We also undertook several other initiatives to preserve capital, including the deferral of all noncritical expenditure, which will continue in FY '21. Likewise, we will continue to be cautious with respect to our development pipeline, delaying and reviewing spend as appropriate". Also debt maturity profile is good up to fy 23/24 and by then things would have improved dramatically. sp way oversold currently and a bit to pessimistic i think. Still have some good upside potential and a relief rally in my view. Good luck all.
- Forums
- ASX - By Stock
- VCX
- Ann: Appendix 4E
Ann: Appendix 4E, page-13
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VCX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.89 |
Change
0.005(0.27%) |
Mkt cap ! $8.581B |
Open | High | Low | Value | Volume |
$1.89 | $1.90 | $1.88 | $25.67M | 13.61M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 352493 | $1.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.89 | 547143 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 531 | 1.880 |
2 | 15100 | 1.875 |
1 | 14570 | 1.870 |
1 | 10246 | 1.865 |
5 | 23287 | 1.860 |
Price($) | Vol. | No. |
---|---|---|
1.895 | 20386 | 2 |
1.900 | 14570 | 2 |
1.905 | 10246 | 1 |
1.910 | 11369 | 2 |
1.915 | 11812 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
VCX (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online