VEE 0.00% $1.87 veem ltd

This company is not on anyone's radar, gets very little love...

  1. 30 Posts.
    lightbulb Created with Sketch. 16
    This company is not on anyone's radar, gets very little love from institutions and even if they decide to cover it, they will sell it down hard like it happens almost every high open. Take for example, opened at 1.585 with over 300k bought in a single order, then quickly sold down to 153 bid, a 3.5% drop in the first hour, while the rest of the market is up over 1%. I also noticed over the past week there were 250k @ 1.33 and 500k @ 1.36 special single block orders with no updates.

    The pricing of their propellers at ten times the standard ones is a big hurdle for most enthusiasts to justify even with the 20% to 30% reported decrease in fuel consumption as the payback period would take months to possible years to breakeven. I see very limited upside for this stock and am considering bailing as price action indicates that this has reached peak valuation. They have simply priced their product out of the market, innovation or otherwise.
 
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Last
$1.87
Change
0.000(0.00%)
Mkt cap ! $252.5M
Open High Low Value Volume
$1.86 $1.87 $1.86 $17.96K 9.645K

Buyers (Bids)

No. Vol. Price($)
2 6902 $1.87
 

Sellers (Offers)

Price($) Vol. No.
$1.91 2192 1
View Market Depth
Last trade - 12.35pm 27/05/2024 (20 minute delay) ?
Last
$1.91
  Change
0.000 ( 3.29 %)
Open High Low Volume
$1.84 $1.91 $1.84 6289
Last updated 12.54pm 27/05/2024 ?
VEE (ASX) Chart
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