Apologies for not completing my self imposed 'sabbatical'. But I am suddenly feeling very positive and with Gotta's return to the fold and his hinting at 'good news' a coming, I couldn't resist.
Fist of all, it appears Loop is finally primed to go. It and Gokube offer a taste of what might be a sudden boom in the share sector and if that takes off..........
Gokube use Vmoto on-sold socos but it appears that Loop are sticking with Vmoto 'built' euqipment.
In any case, here's the link....
http://loopshareltd.com/loopshare-begins-global-expansion-of-micro-mobility-rideshare-system-with-purchase-of-400-custom-built-sit-down-e-scooters/Also very excited about Vmoto's partnership with Soco.
Curious about some aspects of the strategy but perhaps we will have a clue when the prelim comes out. In particular if the company does not write down the plant and equipment (given soco installed the now shared production line). Point being if it is not then perhaps the company will have convinced the auditor that the pre-existing plant will be redeployed for the factories in Europe and SE Asia.
Re the factories, I hope the company release some sort of strategy announcement soon. I am guessing that the point of opening the factories in Europe and SE Asia, despite capacity a plenty in China, is that they intend 'manufacturing' imported knockdown versions of soco in those markets to address the issue of tariffs etc. In any case, Charles' comments at EICMA would appear to support this notion.
The proposed new 'product-centred' website also suggests that the partnership is becoming more cemented and that the 'Vmoto' name might be 'disappeared' to a large degree which would be advantageous when the comapny really starts to push into Vietnam and Indonesia again.
Another titbit that is encouraging is that Soco is the market leader in UK now (admittedly in a small market / segement) but it does show that it is now capable of competing with Zero, etc. The new TC max is a game changer in that regard too.
Sorry if I seem to be rabbiting on but there are so many issues that the company could talk about and use to promote the company and share price. Here's hoping they do. Likewise there are so many opportunities for sudden and significant growth in the short to medium term.
Perhaps it is finally the time for this thing to live up to its potential.
Cheers
(20min delay)
