You mean like the one we've just witnessed?
Low of .105 30/4/24. Now sitting at .18 at time of writing. 71% uplift counts as a turning point Id have thought.
If not, it's certainly a move up and toward a more realistic valuation. Still a bit off where it should be in my mind though.
I suppose for those who did their research and could see the stock was being marked down hard by the market and took the oppurtunity to buy at lower prices, their foresight gives them the right to call it a turning point.
For those that didn't see it coming and didn't buy more when the oppurtunity was there, they're stoll hoping I suppose.
And then there's those who have just noticed the undervalued price of VMT and come her to try and beat up on the stock with the hope of shaking a few apples from the tree and picking them up on the cheap before the next leg up. Goodluck to them guys but 71% uplift from a few weeks ago... That initial ship may have sailed. There's another leaving soon though. It will just set off from mid teens instead of .105.
As for where it will go? Who knows.
Could spend hours researching the stock like some of us and you'll become aware the skies the limit for this one. Industry trends with government support, a disruptive technology of electric vehicles, the class of the Vmoto premium design and brand, the privy management that don't risk the company to expand and let others inherit the risk, the development of at least some form of moat via battery swapping/subscription clieantel, and B2B customers that reply on battery network as a service, and the expansion of the company into the B2C market with an expanse of models/products and into a global company with wings stretching into all corners of the globe. Not to mention only 405 million shares on offer and a management team that's proven succes in the past with theri use of capital to reap substantial returns for shareholders.
All in an industry predicted to grow at a CAGR of 10-15% in the next 7-10 years.
@ other posters
Thanks re explination of why VMT would do this. Makes sense to ensure admin costs associated with small holders who are absent or dead or just arent interested in the company are reduced to a s little as possible.
Nice to know I'm one of 297 smart/lucky holders as of the "Distribution of Equity Holders" table released 8th March 2024.
Was a long time coming, but with my research I was able to see clearly the share price was undervalued significantly and topped up all the way down from my original entry price (43 cents) to where I sit now at an average buy price of 22.8 cents. Those top ups at 14.5, 13.5, and 11.5 were of signifcant help.
At 18 cents, initial profit for me on VMT is just around the corner. I may lock some profits in around the mid 20's, we shall see. But the last 3 years I've been converting a bus to a motorhome and the money will come in handy as I live the semi retired lifestyle (at a ripe age of 34) and travel around Australia.
However, other than provide me a few grand to assist with my adventure, my research also tells me this could be a life changing stock.
I'll likely hold at least 85%-ish of my couple of hundred thousand until it hits my taget of 1-2-3-4 dollars.
300,000 units sold per annum should see VMT have a profit of about $75,000,000 AUD
with 405 million shares on offer thats a profit per share of 18.51 cents
at a p/e ratio of just 15, we assume a share price of $2.77
Say we only reach 150,000 units sold in 2-3 years, VMT profit of $37,500,000 AUD
405 million shares on offer has a profit per share of 9.25 cents
at a p/e ratio of 15, we get a share price of $1.38
Imagine they hype pushes the share price up to a p/e ratio of 65 like we saw a few years back...
Skies the limit
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