I analysed this stock back in March 2023, and I didn't buy because at that time Cash was 2.6m and Debt was 9.5m (split into short term 1.3m & long term 8.1m long).
Even though SP has increased, by 100% since my valuation, I am sceptical about the cash/debt ratio as it has slightly increased for 2023. I like they have increased their net profit again, coming up close behind 2021 which is desirable.
Can someone who has closely followed this stock give me a quick update on what drove to the SP increase, was it just increase in normal business sales or something other?
I do like this business and will keep watching on the side lines until I am comfortable to invest. Glad some people here made some good profits, good job.
VEE Price at posting:
$1.07 Sentiment: None Disclosure: Not Held
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