VMT 4.17% 11.5¢ vmoto limited

Easter Bunny?, page-6

  1. VYR
    819 Posts.
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    Thanks Gotta.

    I'm in a lot deeper than I probably should be but not as far as I'd like to be given the current price.

    I hope you have done the right thing averaging down.

    Post management taking the decision to stop chasing low margin volume all the indicators rose steadily to 2014.

    For those who aren't following closely

    Sales rose from 6.5m to 47.6m
    nett profit rose from -4.4c to +.9c
    SP rose from 15c to 54c
    book value rose from 12c to 19c

    and in spite of two not so flash years the underlying book value is up to 20c while the SP has crashed.

    Its a fact of life that every market cycles through good times and bad and I think this business has solid enough foundations to make a very solid recovery hopefully very soon.
 
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