Yep, VEE is an extremely illiquid stock, you shoot yourself in the foot rushing to get in or out.
Mind you some funds may initially get in with a large position betting on a quick growth, only to realise it takes longer than anticipated, they sell out a portion to utilise funds somewhere else in the market.
For me VEE is a long term punt, that sooner than later Gyrostabiliser technology will become an embedded fact in the construction of mono-hulled boats.
Veem seems to be the leader in the larger size boats, and with the added edge of the propeller, they can cross-sell.
Also, they have solid and defensive earnings, with military /Gov contracts, Veem 24-7 Engineering on demand, TIMCAST forever - pipes, 4 specialising workshops on a 10500m2.
I feel comfortable parking some of my money at the hands of talented engineers. with great working facilities and future technology.
SP is never too volatile, quiet stable, but one day when more orders will roll in Veem's time to shine may arrive.
Some of The company's previous projects make an interesting read ( on their website ).
Last quote i took from Veem / Engineer 24-7 .
Most importantly, the people here at VEEM have enormous pride in the work they perform for our customers. The work we do for you will meet all of your specifications and standards and will prove to be the best value solution in the engineering industry.
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