Upward momentum continues., page-16

Sales of 27,000 units throws up a NPAT in my spread sheet of $4.6m.

51c/share would be a Price/Earnings ratio of 28 which is not overly optimistic for a growth company.

27,000 units/ annum is nothing in a market where players like Honda have annual sales of circa 20m units.

27,000 units is only scratching the surface of whats possible, when VMT own a factory with a capacity to produce circa 400,000 units and have accelerated the expansion of the distribution network.

Is 27,000 units a good guess ?

the 19,971 sold in 19 was up 84% on the 10,875 sold in 18
If we see that growth repeated then sales would be 36,750 which based on past performance could produce a profit of $6.75m which at a PE ratio of 28 would give a SP of 74 cents

whatever the result is it looks like being more than is needed to support the current price.