Ann: Change of Director's Interest Notice, page-21

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edshann

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16/01/18

22:10

Post #: 30355844
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Originally posted by swerdna1979 ↑

Some summary points...

".... poised for significant growth in an improving market. VMX’s story is one of consolidation post listing (a difficult market so has done well to make ends meet) in 2014 and positioning itself for growth in FY18 and beyond.... tender pipeline look promising across all its divisions.

FY17 was particularly strong and demonstrates the possibilities of getting it right with revenue growth of 43% while EPS increased 726% to 1.9c on the back of improved margins. Recurring/Service revenues are part of the overall sustainability and security of the business moving forward (currently at ~37% of total revenues).
...
Guidance sees increased revenues in FY18, possible acquisitions and contracts wins....
...
Company is entering a growth cycle over the next 2-3 years and the last 3 years has given it time to position itself for sustained growth... Company will start tendering for bigger and more complex jobs as it gains more experience while partnering with global players.
...
Recent capital raising ($5.1M @ 25c) puts it in a strong position to fund growth. Management has done very well to get the company profitable and poised and have a substantial stake in the business.
...

Looks attractive from a valuation point of view (~17x earnings) considering the growth experienced in FY17 and possible strong growth in FY18.

Could be a very strong Ten Bagger if we see the market conditions and infrastructure spend continue to improve over the next 3 years."

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No rationale provided for it to multiple 10 times in price any time soon. On the video it says he got from his friends in Perth!! Probably allows some Hartley's clients to make a quick turn on the placement without forcing the price down. Danger is it makes the share price volatile for a while. At least gives the stock a bit of liquidity.

Last edited by edshann: 16/01/18

VMX Price at posting: 34.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Ann: Change of Director's Interest Notice, page-21

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