VIP 0.00% 0.3¢ vip gloves ltd

This is only a guestimate after doing some back of the envelope...

  1. 58 Posts.
    lightbulb Created with Sketch. 7
    This is only a guestimate after doing some back of the envelope calculations.
    I expect an increase of Q4 revenue to 20million, expenses of 14million & a Total increase in cash by 6million
    Add this to the 4million cash in bank at end of Q3 and VIP could have a healthy bank balance of $10million.
    A current mkt cap of $35m is looking very cheap indeed. Next dividend could be 0.05c.
    With sales locked in, profits rising and capacity expanding, no reason to even contemplate selling at current SP.
    All will be revealed within 2 weeks.




 
watchlist Created with Sketch. Add VIP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.