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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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.72M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.5¢ | $87.02K | 600.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 180000 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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15.0¢ | 966663 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 180000 | 0.140 |
3 | 15861 | 0.135 |
3 | 27200 | 0.130 |
3 | 125123 | 0.125 |
2 | 26271 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 966663 | 7 |
0.155 | 21716 | 2 |
0.160 | 509570 | 5 |
0.165 | 27910 | 2 |
0.170 | 528891 | 6 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
14.8¢ |
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Change
0.000 ( 1.67 %) |
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Open | High | Low | Volume | ||
14.5¢ | 14.8¢ | 14.5¢ | 53320 | ||
Last updated 15.34pm 14/06/2024 ? |
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