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3.33%

14.5¢ vinyl group ltd

agree with your sentiment and it’s concerning that the execs...

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MikeyMo

606 Posts.

9

13/09/21

13:43

Post #: 56020901
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Originally posted by budfox26: ↑

I don't want to knock the work you put in but cashflow, profitability, is not something that should be in discussion. This is a growth company that is far too young for that.

Growth stocks (mainly tech and biotech) like Jaxsta can have their story supported based on signs of strong growth for a long time before revenue needs to show up. A $20m market cap isn't it. $200m. Maybe then.

The share price isn't going anywhere because it looks like we aren't growing like a junior tech stock should, because they are withholding the most important figures needed to drive the SP. We're going to continue to trade sideways until they get this right, but judging by the age of the board they won't.

There is a book by Mark Minervini called Trade like a market wizard (or something along those lines). It'll let you know that price to earnings (and sales) ratios are pretty much the most useless tool for any investor when it comes to growth stocks. You may want to read it.

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agree with your sentiment and it’s concerning that the execs running this thing don’t seem to have a handle on this data.

anyway - you can all rest assured that because I have mostly exited that the price will not take off!

JXT Price at posting: 6.2¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 14.5¢		Change -0.005(3.33%)		Mkt cap ! $121.6M

Open	High	Low	Value	Volume
14.0¢	14.5¢	13.5¢	$82.80K	578.9K

Buyers (Bids)

No.	Vol.	Price($)
1	4387	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	278610	4

View Market Depth

No.	Vol.	Price($)
3	260000	0.125
4	350000	0.120
2	130500	0.115
1	50000	0.105
3	213000	0.100

Price($)	Vol.	No.
0.150	278610	4
0.155	178880	3
0.160	35605	1
0.165	150000	2
0.170	5150	1

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last 13.5¢			Change -0.005 ( 3.57 %)
Open	High		Low	Volume
14.0¢	14.5¢		13.5¢	131070
Last updated 15.59pm 17/05/2024 ?

VNL (ASX) Chart