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4.17%

11.5¢ vmoto limited

The descent into hell, page-8

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readyaimfire

11,360 Posts.

1508

12/11/16

15:59

Post #: 20570522
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Originally posted by bubby ↑

The fall is the share price really is awaful, but I am not panicking.
It is clear that a lot of people have been burnt with this one over the years and have had to feel some pain.

However, the recent fall in the share price has actually come following a pretty good announcement. The market has a funny way of presenting itself at times.
Note that: 1. The Company has commenced a process to identify a strong non-executive Chairman.
2. As at 30 September 2016, the Group had cash of A$5.1 million, up from $4.6 million at 30 June 2016 as a result of funds received from customers of the Chinese operations.
3. 3rd qtr chinese sales are up 10% from the same period last year.

Is any of that bad news?

Yet here we are languishing at historic lows.
I remain interested in if/how they will capitalise on European ventures. And even still, the SP, irrespective of prior perfromance/sentiment...... is incredibly discounted based on fundamentals like NTA.

I am certainly not saying the team could not be doing much better (otherwise the SP would be better), but the SP may well be an opportunity at these levels.

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cash of 5 mil and debt and payables of?

VMT Price at posting: 9.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 11.5¢		Change -0.005(4.17%)		Mkt cap ! $48.09M

Open	High	Low	Value	Volume
12.0¢	12.5¢	11.5¢	$43.60K	365.6K

Buyers (Bids)

No.	Vol.	Price($)
2	68636	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	79333	1

View Market Depth

No.	Vol.	Price($)
2	68636	0.115
4	81022	0.110
1	8257	0.105
3	24500	0.100
0	0	0.000

Price($)	Vol.	No.
0.120	79333	1
0.125	113106	2
0.130	447698	5
0.140	563112	2
0.145	112654	3

Last trade - 14.58pm 30/09/2024 (20 minute delay)

VMT (ASX) Chart