My couple of cents worth. Firstly, I admit it wouldn't appeal to many as it appears these days a long term investment is measured in months, but as Buffett would say, it's not timing the market but time in the market. With this in mind:
I did my DD a couple of years ago and went back and read all announcements, even when VMT was a different company. I was at first terrified VMT originated from IOCOM, a money mining tech company during the dot-com days. It then attempted to become a 'real' company by going into the latest fad, surfwear. Not very inspiring, but then I became convinced it was attempting something worthy. I still have this faith in VMT, even more so.
So as money starts 'pouring' in, the first thing is a consolidation, say 1 for 10.With that a small divvie to show sustainability. And with that I would introduce a DRP. That would allow holders who don't need the money to increase their holdings without holders who need income to chase income stream elsewhere.
I wish to remind newbies, some benefits of a good longterm investment (many years) if you choose wisely. A couple of examples. Westfields. A $1000 investment became several $millions from 1960 to 2000. More recently CSL, a $10000 investment from float in 1993(?) would be $1.25m now and the yearly divvies would probably be more than $10000.
We all like taking profits, but as Livermore said, most people remain por beccause they take profits too early. I bought CSL, from float, and sold in 1996 for $11. more than 4 bagger. A friend I recommended it too, still holds. CSL went from $2.30 to $50+, back to $11 and now $270 after splits. (Him smart, me DUMB)
The benefits of DRP. In 1995? I bought NAB at $10. In 2007 before GFC I sold for $44, but with DRP I had nearly twice as many.
I believe most serious VMT holders would invest in DRP, so that the divvie wouldn't make much of a hole in the cash flow and allow VMT to maintain growth.
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Mkt cap ! $58.54M |
Open | High | Low | Value | Volume |
12.5¢ | 14.0¢ | 12.5¢ | $9.745K | 73.95K |
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No. | Vol. | Price($) |
---|---|---|
2 | 24463 | 12.5¢ |
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Price($) | Vol. | No. |
---|---|---|
14.0¢ | 606152 | 6 |
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No. | Vol. | Price($) |
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2 | 24463 | 0.125 |
3 | 61170 | 0.120 |
2 | 36152 | 0.115 |
2 | 11590 | 0.110 |
1 | 8257 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 586161 | 5 |
0.145 | 83210 | 3 |
0.150 | 198087 | 4 |
0.155 | 98432 | 2 |
0.160 | 70000 | 1 |
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