All good points Kitty. There will always be a different way to...

All good points Kitty.

There will always be a different way to skin a cat.

We can't see through Super Soco's numbers but I suspect the crowd funding is a necessary evil because they don't have any other options. I don't imagine it will, stand alone, deliver profit to super soco. The buyers would have to be getting an excellent deal on their bikes to entice them to supply unsecured seed capital.

Back to Vmoto

I've been trying to analyse what needs to happen to deliver our forecast break even EBITDA.

Sales are up 26% in the first quarter. If that continues we will have sales of $19m and will need an operating profit of around 10% of that to cover marketing and admin costs.

That was easily achieved in 2015 when GP was 16.7% and operating costs were 3%

The horrible 2017 had a GP of 12% and operating costs were bashed up to a whopping 20.5%
(restructuring?).

Hopefully manufacturing on super solo's production line, along side their models ,will add enough volume to the equation to get operating costs back below 5%. High margin international sales will hopefully get the GP back above 15%


A GP of 15% and operating costs of 5% would do the job nicely.

Once sales grow above the $20m mark it will be all cream and when profits start to emerge the share price should take off.

I think we are about to rise off the bottom.

With all the potential buying at less than the value of cash and buildings seems like a no brainer to me.

I'm about to come into a pile of cash I hope the SP lingers at these levels until the next quarterly.