this is my take on where VMT sits at the moment.....
59m market cap/ 42.5m cash in bank at Dec 31/ 69.5m revenue with NPAT of 7.3m for the last financial year
so far so good....
the challenges to me are as follows:
- significant year on year shrinkage of sales & profit illustrates we are not immune to cost of living pressures & we have a limited moat (i.e. we are a largely discretionary product)
- no sign of recovery on the horizon in terms of orders & sales
- new factory & associated capacity of 300k is, it looks, completely misaligned with the sales/ order book
- the 'china' connection is a worry to some & undeniably does deter some investors
I think we are at quite a key point.... you either back management & their ability to judge that the new factory is warranted (in which case this share is the biggest bargain on the ASX) & we'll rerate significantly or it'll turn out that the new factory is just a vanity project or worse & we'll be sat here in another 10 years....
for me it's a wait & see... I still like the story & believe the EV movement is still in very early stages. Frustrating hold but hold all the same
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this is my take on where VMT sits at the moment.....59m market...
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Last
12.5¢ |
Change
-0.015(10.7%) |
Mkt cap ! $52.27M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.5¢ | $684 | 5.469K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18994 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 773188 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18994 | 0.125 |
2 | 36170 | 0.120 |
2 | 36152 | 0.115 |
2 | 11590 | 0.110 |
1 | 8257 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 773188 | 6 |
0.145 | 123210 | 4 |
0.150 | 198087 | 4 |
0.155 | 58432 | 1 |
0.160 | 70000 | 1 |
Last trade - 15.19pm 23/08/2024 (20 minute delay) ? |
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