VMT 0.00% 11.5¢ vmoto limited

I see. I disregard press articles as gossip, open to speculation...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 302 Posts.
    lightbulb Created with Sketch. 95
    I see. I disregard press articles as gossip, open to speculation and misinterpretation, particularly when translated by Google from Chinese to English. I rely only on reports officially issied by the company.Again, from that article, what could be interpreted is that parts and other sales have surged 260% or whatever the number was. And if that was from a very low base, the impact would still be immaterial.One thing is to generate revenue from fully assembled bikes that have to be ready at the Netherlands warehouse to be shipped on demand, quite another is to generate revenue from parts and other products (cabinets, etc.) where these are fabricated specifically for customers with no middlemen and only when the order is received and paid for. This improves the creditors and debtors days.e.g. in selling a fully assembled bike, VMT has to produce it and sending it to the Netherlands, storing it and wait for the importers to place the order. In selling a cabinet directly to the final user, VMT receives the order and prepayment/ deposit and build the product and get full payment before shipping. The inventory cost of one bike fully assembled with labour has to be higher than the raw material cost of metal sheets that are formed and worked only once an order and prepayment has been received.This is my understanding of it anyway.
 
watchlist Created with Sketch. Add VMT (ASX) to my watchlist
(20min delay)
Last
11.5¢
Change
0.000(0.00%)
Mkt cap ! $48.09M
Open High Low Value Volume
11.0¢ 11.5¢ 11.0¢ $42.72K 387.7K

Buyers (Bids)

No. Vol. Price($)
1 50000 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 170793 4
View Market Depth
Last trade - 14.52pm 15/11/2024 (20 minute delay) ?
VMT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.