VIP 0.00% 0.3¢ vip gloves ltd

they have given us a key bit of info in the announcement. That’s...

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  1. 13,667 Posts.
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    they have given us a key bit of info in the announcement. That’s what got me. Attached below.

    https://hotcopper.com.au/data/attachments/2109/2109343-ca7428a879154c2bd659a7e61bc04a79.jpg
    now this company does not tick all the boxes. They have a lot of liabilities as mentioned by another poster. They need cash. But they have their order book full till December 2020 and are selling a product where there is massive worldwide shortages. Sometimes things can work out for companies and I’m not saying this will happen for VIP..but the order book tells me it’s not a bad punt right now. Even with a 3 cent margin per glove they would dig themselves out of a tough financial position within 6 months time.
 
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