They say patience is a virtue. I've been a long time shareholder...

They say patience is a virtue. I've been a long time shareholder of VMT, rode the downturn and finally enjoying some fruits.

After picking up the AFR on the weekend and seeing positive publicity, I thought I'd reflect and compare "then" and "now".

Then (2013 - 2014 financials)
* business focused on high volume, low margin
* share price was trading at 30-40c
* revenue around $30m - $40m
* profit $300k - $400k
* cash equivalent to debt.

Now (2019)
* business focused on higher margin sales
* revenue could be $50m-$70m (depending on how the remaining 2020FY quarters go)
* profits (NPAT) could therefore be close to $5m
* Cash at bank (nett cash) could be $10m+ (June 2020) <June 2019 was $4m>
* And so its current 21c share price, compared with operations 5 years ago ... should be closer to $1.

Feel free to do your own number crunching.

Let the day traders take their profits and find something else. VMT undervalued and worth staying patient with IMO.