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VYR

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09/09/24

17:50

Post #: 75596832
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Originally posted by MTV: ↑

I know what you mean. I have often been in the situation of trying to complete an under quoted scope of work within budget. The salesmen would never accept responsibility.

However, I wouldn't be too quick in assuming UBCO are going to be losing money on this deal. They are not a low-cost producer, and I get the impression that they have actually achieved a premium price for a tailored product.

This from the NZ Herald:
Tauranga-based electric motorcycle maker Ubco has revealed a breakthrough deal.
Australia Post has bought 175 of the start-up’s bikes for a pilot programme that could lead to a wider rollout for its 10,000 posties.
Ubco won’t put a dollar value on the deal, but the bikes are a customised faster, rear-wheel version of Ubco’s original 2x2, which sells for NZ$8999 in its special edition, dubbed the “Duty”.
“This is a pivotal moment for Australia Post,” Australia Post chief executive and managing director Paul Graham said at a Sydney launch event for the deal.
“This new fleet allows us to electrify a broader spectrum of routes, reducing our reliance on fossil fuels and further advancing our sustainability goals. We are proud to integrate cutting-edge solutions that benefit our team members, our customers and the environment.

”They are also trialing their delivery bikes with NZ Post and Domino's. I see them as quite a serious threat. More from the NZ Herald here:

https://www.nzherald.co.nz/business/tauranga-based-electric-motorcycle-maker-ubco-inks-major-deal-with-australia-post/L4J6TIG3CFAV5PXJC4P774YDZ4/

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There is a lot of water to go under the bridge before they become a serious threat.

Key takeaway,

*Ubco have had a rolling maul of capital raisings and a string of CEO's.

* Not a motor bike expert in the picture

* they have the bikes contract built in China and Taiwan

*Their spokesman Director is a venture capitalists and his company is the major shareholder.

* It's all about an IPO as an exit strategy that leaves the punters holding the bag.

There is no way VMT can't compete with their 35 kph $9,000 2X2. They must have given the POs the bikes to trial as a bit of window dressing for the prospectus

VMT Price at posting: 12.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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