Wondering where this will bottom. The amount of consumption is still crazily high in Australia and I doubt that VIT will experience any revenue pain before the annual report is released in September.
If the share price dips to $0.30 that is a market cap of ~$167 million, not even 1.5x revenue of the projected $115 million for this year. Alternatively operating on a P/E ratio of ~11 based on the projected $15mil NPAT for this year.
A victim of market sentiment more than business fundamentals, also thinking the calls for the CEO's head are premature.
VIT Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
