VMX 6.06% 31.0¢ valmec limited

Some volume looks like changing hands over the last few days....

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  1. 5 Posts.
    Some volume looks like changing hands over the last few days. Longtermers finally giving up? not many sellers left though, hope to finally see SP get back up, I remember reading one Patersons brokers valuation of around 50c I think back in the beginning of 2014. Probably should stop dreaming.
    Do you think we will see dividend again anytime soon?
    Don't know whether to write them off and sell also . I bought in initial float and since continued to accumulate but it's been 5 years of cash locked up with no returns/income . Members of the senior management team are also the major shareholders so they have been affected too(on paper) but I think they are getting a better outcome than minor shareholders. I think they are getting way too high salaries for not enough shareholder return. For all their experience I was hoping they would have been far more profitable by now. I think overheads/expensives seem high.
    Does anyone else agree? Interested in anyone's thoughts.
 
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