The last accounts were prepared on an ongoing business basis so show all those numbers for international sales only.
We definitely need a big uplift in sales and GP % numbers to break out of losses
Whilst the numbers in the accounts were disappointing in that they throw up much lower sales and lower gross profit margins, I don't think the margins are reliable because they relate to a restructuring period so we will have to wait for a clearer picture in the next six monthly account.
WE have a forecast for break even EBITDA this year and have a strong cash balance at the end of the first quater. Wouldn't it be nice if we did better than forecast for a change.
The accounts coming up will also reflect the new cost structure where Super Soco are building the Emax scooters for Vmoto on their new state of the art production line. I'm hoping this will reflect an operating cost which is a stable and manageable % of sales.
Because its not yet set in stone there is still a lot of risk in buying now which of course is offset by the potential upside if all goes according to plan.
You don't get a 10 bagger if its all sorted and being reported.
"Trust your cape if your pretty sure you can fly".
I'm pretty sure Vmoto can .
VMT Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
