Let's be honest.
Nobody gives a damn about Velpic right now.
I doubt there is many buying apart from the people who post on here.
I would think very few people have even heard of Velpic. Volumes are miserable.
It still looks like someone is drip feeding the sells.
They need to get some serious publicity and growth figures coming out over the next 12 months. I'm confident they will.
I see Shaver Shop Group has just listed on the ASX. Strong support from instos.
It's expecting a net profit of $12M for the financial year and is valued at $120M.
Another one is Senetas, a software company, maybe some are familiar with which is on my watchlist and has a similar MC to SSG and its guidance just released was
With net profit before tax of approx $7M for the FY.
Senetas would be a more relevant comparison to Velpic
Or maybe I am wrong?
Either way I look at it they need to get these revenues Moving and fast.
Upcoming quarterly should be a good indication and with the dollars Russell
Has just laid out you would think things should be tracking well......