Hi Blueballs, do you know who the main investors are? Instos or private investors? I agree cycling has becoming more and more popular. Websites like Strava making a killing and so do apparel manufacturers and related accessories. What once upon a time used to be a very egalitarian sport it has become very fashion and tech oriented.
I like the company for being a manufacturer of real products, rather then a tech company trying to find solutions for unreal problems. Their market is trendy and growing indeed.
The business itself is still making losses (many do and it's not correlated with their SP performance though). Have they got any predictions as to when they may break even. i might have missed this in the prospectus. Not happy to see two directors making almost 500K while the business is still not financially positive.
Are you the original holder of VGR? Do you know what was the consolidation ratio (if there was any). As usually tight register, escrow of seed holdings and original holders having interest to hold onto their shares will be the key to successful listing. Do these factors tick all the boxes? You are very bullish on this one. Further feedback is appreciated.
