VMT 3.70% 14.0¢ vmoto limited

prior trading updates

  1. 389 Posts.
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    From June's maiden monthly unaudited net profit until November:

    June NPAT unaudited $80K 1 store
    July profit $40K 3 stores 24K/42K power eagal units completed.
    August profit $121K 4 stores 1198 units sold through stores 33K/42K power eagal
    Sept profit $126K 4 stores 1500 units sold 33K/42K Pow E
    Oct profit $192K 6 stores 2490 units sold 38K/42K Pow E
    Nov profit $201K 8 stores 3197 units sold 41K/42K Pow E


    Total unaudited net profit of $760K for the 5 months shown good acceration in profits. Indonesian deal is promising with 70M prehistoric internal combustion scooters used in Indo currently and a deal done with large car dealer to sell Vmoto scooters and will order a minumum of 17500 units over the next 5 years however if they sell like they do in China 3200 from an average of only five stores within 5 months, I'd suggest PT. Garansindo Technologies network of possibly 30-40 big stores could sell alot more than that.

    I stress that this is a risky stock however I'm looking forward to audited results and we need to keep a close eye on the cashflow statement (I want to see improving operating cash flow) as well as the balance sheet (I want to see a reduction in liabilities and debt with increases in assets ie equity increase)
 
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12.5¢ 14.0¢ 12.0¢ $17.69K 133.9K

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3 73958 12.0¢
 

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14.0¢ 653031 4
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Last trade - 15.57pm 14/08/2024 (20 minute delay) ?
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