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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vmoto | VMT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 11.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 11.75 |
| Top Posts |
|---|
Posted at 03/8/2015 17:37 by saucepan I keep VMT on my ADVFN watch list. I looked in as I saw there was a post! (The first since back in May).My first reaction was one of shock, seeing the huge price spike on the chart. I wondered what stupendous development I had missed! On trying to unearth what it was, I discovered a ten to one share price consolidation on 4 June. ADVFN has not corrected the chart (and nor has ShareScope, which is usually good keeping up with consolidations). Therefore, for anyone new looking in here, don't be fooled by the rise on the chart. As to the trading update, it sounds promising - but they always do (having followed VMT for several years now)! I expressed some of my reservations in posts 338, 347, and 353 above. I suspect they are still valid, but will be particularly interested in the eps figure in next results. Will it be headlined or buried away in the small print? We shall see! |
Posted at 24/5/2015 09:53 by rp19 Thanks too - it is always good to hear and appreciate the bear points, especially from informed posters. VMT is atypical of the shares I hold (the only foreign AIM and I'm not looking for any more) and consequently I only hold a very small number, which should limit the potential downside impact. As you say, it is one that warrants a close eye kept on it given the high risk/high reward nature. |
Posted at 24/5/2015 00:39 by saucepan Thanks for your thoughts, RP19.I agree: foreign AIM shares are totally out of favour with private investors at the moment: the majority, deservedly so. The debacle at PLUS has not helped this week in that regard. I must admit I have recently resolved to steer clear of foreign AIM stocks until such time as the mood changes, if indeed it ever does. All the best with VMT. I was lucky enough to catch a fair bit of the 2013/14 uptrend, so retain a soft spot for it. My concerns may be overdone. |
Posted at 23/5/2015 08:50 by saucepan This story has always intrigued me. I was once invested here. However, the market has never been convinced. Something is not right.Perhaps, these are three clues: 1. The telephone contact on the new UK website is a mobile phone, rather than a proper office! What (other) truly bona-fide company would do that? 2. There are now over a THOUSAND MILLION shares in issue (1,328,253,529). Even if a company does make genuine progress, for existing share holders it is like trying to walk up a descending escalator. Earnings per share may never increase when more and more shares are issued each year. 3. It is almost exactly a year ago since Simon Farrell resigned as Chairman. It has never become clear what that was about, but one can guess. He has still not been replaced by anyone of similar standing. That suggests to me (a) no one with appropriate kudos wants to touch VMT with a bargepole (b) VMT knows someone with such credibility would not accept the way the company is run (c) both? (d) I may be completely wrong VMT may prove to be a (very) good investment, but be aware of possible warning signs. |
Posted at 25/2/2015 15:06 by 5dally Thanks pj, I am very aware of the China mistrust and the other issues you mention but it just may be that VMT is the exception, not got the house in this so happy to see where it goes :-)See Finncap retains it's 3.50 tp today ! |
Posted at 25/2/2015 14:15 by 5dally Am I the only one here that thinks the news this morning was very positive ?Happy to stick with VMT :-) |
Posted at 29/1/2015 10:46 by saucepan The update reads really well, but there seems absolutely no interest from the market. If I was feeling more gung ho, I would buy back in. However, the sensible view is perhaps that there are better opportunities elsewhere in more-liquid stocks already showing momentum.The VMT share price has never really recovered from the resignation of Chairman Simon Farrell back in May. VMT has still not replaced him with someone of similar calibre. Perhaps that is the biggest amber/red flag? On a separate note, I did spot that one of their customers is Taiwanese - so the link with that Country (as discussed above) does in fact exist. I'll continue to watch with interest and don't rule out a repurchase at some point. |
Posted at 03/9/2014 18:49 by cheshire man VMT A decent buy through this afternoon |
Posted at 30/7/2014 10:30 by masurenguy Vmoto Limited (ASX:VMT and London Stock Exchange:VMT) is a leading global scooter manufacturer and distribution group specialising in electric powered two wheel vehicles. Vmoto's electric scooters have chic European design and German engineering.Vmoto wholly owned its state of the art manufacturing facility in Nanjing, China, which has an estimated production capacity of 500,000 units of scooters per annum. Vmoto also have offices in West Perth, Australia and Bremen, Germany. Vmoto has one of the widest global distribution networks of any electric scooter manufacturer in the world, being represented by more than 28 distributors in 30 countries in the geographic regions of Asia Pacific, Europe, North America, South America and South Africa. The group operates two primary brands: Vmoto and E-Max. The electric scooter market is experiencing high growth and Vmoto is a well positioned brand in this space. The company also supply to a number of customers on an OEM basis. What is there to like about Vmoto's business? 1. Vmoto is a growing brand selling electric scooters to about 30 countries worldwide. 2. The company owns outright their own 30,000 sqm production facility outside of Shanghai in Nanjing, China. 3. The production facility has the capacity to produce up to 500,000 electric scooters per annum. 4. Current production is less than a quarter of capacity so they have plenty of room to grow. 5. Vmoto turned cash flow positive in the December 2013 quarter. 6. And reported a maiden Net Profit after Tax for the 2013 Financial Year which ended December 2013. 7. The 1st quarter of 2014 was also cash flow positive and the beginning of the year is historically their slowest time of year. So profit and cash flow for the year should increase quarter-on- quarter throughout the year. 8. The company has minimal and manageable net debt of about $1 million as of April 2014. 9. And, electric scooters are a very environmentally friendly mode of transport. What are the reasons for continued business growth? 1. Vmoto have distribution agreements in place with companies such as Chrysler and another company called PowerEagle to supply up to 150,000 units by 2015. 2. They now have 16 retail stores in China open with plans to open more. The retail stores are where their profit comes from. This draws comparisons with a company such as ARB (selling their own four wheel drive parts with a very successful retail model). 3. Vmoto supply to the main markets for scooters being China, India, Indonesia and Brazil. China is by far the biggest market though. 4. In a lot of Asia, people cannot afford to buy a car but they can afford to buy an electric scooter. Plus scooters are a large form of transport for many people across Asia and developing countries in any case. 5. The company announced yesterday 2nd July that DHL (the leading courier company) is trialing the use of Vmoto's scooters. Supplying to a worldwide company such as DHL would open up a new and large market for the company. What are the risks facing this business? 1. A more recent risk is a bit of instability within the board. The company is presently searching for an Australian based director. However, the business has its current momentum from the work done on building the business over the past number of years. The need to fill a director role is not going to have a significant impact on the trajectory the business. 2.Another risk I see is that the company falls into the trap of taking on too many distributorships which are good for turnover although may not be good for long term profitability. Long term, I think they will be much better off focusing on developing their brand and selling via their own retail stores. Wih the company growing from eight retail stores to 16 retail stores in the past year, I think management know that the best outcome for the business is to continue to develop the profitable retail brand and business model. 3.The third risk is that current shareholders are diluted with a capital raising at some point. Despite the company now producing positive cash flow, for a business growing this fast, the difficulty is managing cash flow appropriately. I am sure however if a capital raise does occur, it may lead to a temporary setback in the share price for the long term good of the business and long term share price. In saying that, I will be delighted if there is no need to raise capital. Is it run by able and trustworthy management? When researching this business, I watched a video by one of the directors Mr Olly Cairns. I was suitably impressed with the way Mr Cairns articulated the work done by the company over the past few years with the development of the manufacturing facility and the current activities being rolled out to grow the business. Is it trading at a bargain price? Based on cash flow reported by the company and the momentum of that cash flow and profitability I believe the company is trading at a bargain price. I estimate the company will generate NPAT of between $1 Million and $2 Million in 2014. Based on the lower $1 Million figure, I estimate the company to be valued at 6 cents a share in 2014 (December is year end). And, based on my own estimates of profitability growth, I think the intrinsic value of the business can rise significantly over FY15 and FY16. However, being my own estimates, while my numbers are conservative, they are "not as dialed" as I would like. Company Code Rank Today's Share Price Margin of Safety 2014 Forecast Valuation 2015 Forecast Valuation 2016 Forecast Valuation Vmoto Limited VMT Gold 5 4.8 cents 20% 6 cents 10.4 cents 21 cents Summary In summary, Vmoto is a great business with an excellent product. Vmoto has a significant pipeline of work from other manufacturers such as Chrysler, a good international distribution network, growing number of retail stores and some exciting opportunities for the future. By my calculations, the company is trading at a good discount to my estimate of intrinsic value with my estimates of that value growing over the foreseeable future. This article is published by Dean Mico. Disclosure: The Edge Fund owns shares in Vmoto Limited. The information provided in this article is intended for general use only. The article is intended to provide educational information only. Please be aware that investing involves the risk of capital loss. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person, nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information herein |
Posted at 07/4/2014 21:00 by pj 1 SaucepanThanks for the link, I have been unable to get on VMT website at all today. cascudi- I'm struggling to see any comparison between QPP and VMT. Despite being in totally different Markets and Sectors why would VMT be compared to a Company with a dubious CEO, with a continuously rising debtor list, no cash generation, constant dilution and that would have run out of cash if it were not for the last placing? I do not want an answer but if VMT ever show any of those characteristics I'm straight out |
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