Why don't we simply admit that it's (another) lack-lustre result in a marketplace that is going to catch fire just now and where the Company should be going 'down and dirty' to gain share ? And gaining share doesn't mean giving margin away when VMT has such a tiny slice of such a huge market, but simply means having a clear and simple business plan executed well. VMT leadership prefers playing around with bikes and minor celebs to making real money. So we jog along, and whatever anyone says on here, the obvious verdict is in the amount of money being placed by investors.
Still a good investment, but not the instant 'money tree' that a couple of our resident rampers would like to suggest. A mishandled pandemic is just an excuse in these circumstances, and investment trends suggest that markets have confidence in the future. VMT will carry-on in limbo until we see a couple of decent announcements, and I cannot understand why the Company is not at least putting some strategic building blocks in place (like an overseas listing) so that it can take full advantage of all the leverage that a strongly rising SP would give it.
As for the reassurance on China, that's just wishful thinking. Despite the inevitable short-term economic improvement there, international sentiment has quietly changed and will subtly impact over time. As for C-19, well the prediction now appears to be that by sometime in October we will be 'looking back on it' here, and the World will follow. As for a Chairman at VMT, maybe the smart guys don't want to work this way, or otherwise why hasn't the vacancy been filled by now ? And finally .... as for VMT's small cash pile .... this Company is not a bank; do something with it or give it back to shareholders.
Back to the long wait. Best to all. 2000.
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $50.18M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.5¢ | $2.987K | 23.89K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 144645 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 524598 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 144645 | 0.115 |
4 | 120772 | 0.110 |
2 | 203257 | 0.105 |
3 | 26500 | 0.100 |
1 | 15000 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 524598 | 3 |
0.135 | 123652 | 3 |
0.140 | 759639 | 4 |
0.145 | 112210 | 3 |
0.150 | 208675 | 6 |
Last trade - 14.02pm 06/09/2024 (20 minute delay) ? |
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