Have watched VMG fall, reckon has hit bottom , short consolidation , buyers are seeing value and starting to tip toe back in...
VMG p/e 1.00 has at least $170 m work in hand , nil debt, cash $23m , has restructured and sold non core assets , written off bad contracts...
It now has a clean balance sheet and has recently won $56m infrastructure contract, and last 6 months although still reported loss, it was smaller and as a result of discontinued operation that hemaridged VMG.
Management expecting to report profit next, the verdict is out whether this will be achieved, but under 3 cents I believe as a contrarian investor I see heeps of value.
Compare SWL , NFK reasonable good balance sheets unfortunately also had some down grades, these stocks around 70 cents with order books below $900m....
compare
VMG order book $170m nil debt cash $23m Pe 1.00 2.6 cents
SWL , NFK order books approx $900m approx 70 cents
I see value, however you must treat it as a spec and not put the house on it.....
- Forums
- ASX - By Stock
- VMG
- dogs of today! gems of tomorrow! vmg
dogs of today! gems of tomorrow! vmg
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.927M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
VMG (ASX) Chart |
Day chart unavailable
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online