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VEE

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0.27%

$1.88 veem ltd

Ann: VEEM Reports Strong Profit Growth for 1HFY24, page-21

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Nefrite

188 Posts.

5

21/03/24

15:15

Post #: 72997172
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Originally posted by RedHammer: ↑

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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Hello RedHammer,

I think if its 25% with a bit of extra speed in the larger boats where veem sell, it will be an amazing advantage to veems ability to sell sets of props, even if the cost of them is up towards 10 times which I don't think it will be that high.

VEE Price at posting: $1.59 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.88		Change -0.005(0.27%)		Mkt cap ! $255.2M

Open	High	Low	Value	Volume
$1.90	$1.91	$1.87	$117.7K	62.47K

Buyers (Bids)

No.	Vol.	Price($)
1	265	$1.87

Sellers (Offers)

Price($)	Vol.	No.
$1.88	1920	1

View Market Depth

No.	Vol.	Price($)
1	265	1.870
1	50000	1.850
1	4000	1.805
1	4444	1.800
1	6000	1.745

Price($)	Vol.	No.
1.880	1920	1
1.890	4635	1
1.910	10000	1
1.930	7860	1
1.935	7587	1

Last trade - 16.10pm 23/05/2024 (20 minute delay)


Last $1.88			Change -0.005 ( 0.96 %)
Open	High		Low	Volume
$1.91	$1.91		$1.88	3249
Last updated 15.59pm 23/05/2024 ?

VEE (ASX) Chart