Vmoto Share Discussion Threads

[pj 1] 21/5/2014 11:56

mine says page 1 of 1

[pj 1] 21/5/2014 11:54

Sh.t...what page 2?

[peartreegardens] 21/5/2014 11:54

It does, on page 2 of the attachment

[fanramptastic mate] 21/5/2014 11:53

VMT has been trading like a swiss cheese over the last 2 months (holes everywhere).

I did previously mention the risk of gaps needing to be filled and yesterdays drop certainly filled a few. (thank you saucepan)

Still some to fill lower down from here

Lets see what the announcement brings later this week

fanny

[rp19] 21/5/2014 11:51

It DOES on page 2 (the VMT request to ASX).

[pj 1] 21/5/2014 11:51

huttgl, yes you can trade.
Hence I'm out until this all makes itself clearer.

Taken quite a hit overall the last 2 weeks, and after SID last year..... :-//

[pj 1] 21/5/2014 11:46

RP19 21 May'14 - 11:22 - 245 of 246 0 0

The below states that VMT have requested the halt "pending the release of an announcement in relation to the appointment of an additional director". Is this normal procedure on the ASX?



''It does NOT say ''in relation to the appointment of an additional director''........???

[pj 1] 21/5/2014 11:28

Unless the New Director has a conflict of interest which needs sorting first?

Clutching at Straws though.!

[rp19] 21/5/2014 11:22

The below states that VMT have requested the halt "pending the release of an announcement in relation to the appointment of an additional director". Is this normal procedure on the ASX?

[huttgl] 21/5/2014 11:21

You still can on AIM PJ - it's only ASX that's halted.
Logically the announcement has to be related to SF departure in some way.
No way to tell whether good or bad news just rumours as far as I can see at the mo'. This could well be a good opportunity to add.

[pj 1] 21/5/2014 11:21

L2 Has not altered. have you a link to the article huttgl?

[pj 1] 21/5/2014 11:20

Try and Sell, can't get a quote for x1 share at Seltrade, but can buy 500k.

Confused

[the accountant] 21/5/2014 11:17

Dummy order to buy seems to work at Barclays !!

[pj 1] 21/5/2014 11:11

I was just thinking of adding....... :-//

[huttgl] 21/5/2014 11:01

The securities of Vmoto Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by theCompany. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 23 May2014 or when the announcement is released to the market.

[huttgl] 21/5/2014 10:59

VMT trading halt till 23rd on ASX

[sandoval] 20/5/2014 14:43

More interested in year end than tomorrow meself - not exactly a trading share :)

[bad robot] 20/5/2014 14:20

Looks like 1.5p tomorrow

[sandoval] 20/5/2014 14:13

I'm sure Simon Farrell was worth his weight but personally I would be more concerned if this guy left.
"Mr Chen has extensive experience in the motorcycle manufacturing industry in China. He was formerly vice president of Hainan Sundiro Motorcycle Co, which was the second largest motorcycle manufacturer in China at the time, and which was subsequently acquired by Honda in 2001.

Mr Chen also served as vice president for Changzhou Supaiqi E-Vehicle Co, Ltd for 5 years. Currently Mr Chen is vice president of Xinri E-Vehicle Co, Ltd, which is one of the largest E-vehicle manufacturers in China at present. The annual production of Xinri in 2010 was over 2 million units of electric bicycles and scooters for the Chinese domestic market. "

[supertag] 20/5/2014 13:14

Think this fall is overdone based on the comments that we are "still performing strongly", so have topped up at 2.194p. Time will tell!

[pj 1] 20/5/2014 12:34

hi Steg

strangely the golf clubs did come out yesterday, first time for months lol

[stegrego] 20/5/2014 12:07

PJ1 if this is stressful, you need to get out more ;)

Just the usual shenanigans of the markets.

[microscope] 20/5/2014 12:02

Having followed several ups and downs of Chinese companies in thre Ofex days, intrigued as to whether any of the current management had any previous positions in any of them

[huttgl] 20/5/2014 11:31

So if I believe that SF role in VMT was becoming somewhat irrelevant now that VMT are out of the trap and going well, then I should view this as good news - replacing him with a different type of animal more appropriate to where VMT are now.
So I should be buying . . . and this is top up territory as sandoval says . . . and this is a thinly traded share so doesn't take much offloading to drive to an oversold position . . . and we should get an RNS within the next two weeks of April figures . . . which should be good . . . looks like a gift-horse . . . I should be buying.

[huttgl] 20/5/2014 11:23

Varuka on the Hot Copper BB appears to have some info on this - couldn't see any feedback from the AGM itself though - I would expect some questions to have been asked.
Not sure what value is added by a non-exec in Australia TBH. It may be only in value of links to international markets. I recall Mr Farrell was involved with Coal of Africa (where my investment went up and sharply down - not suggesting his fault) and I was vaguely surprised to find him involved with Vmoto. SA coal miner to Chinese e-bikes is not the most logical CV jump. This would support the argument that he was there for reasons other than his in depth knowledge of e-bikes and his insight of their place in the Chinese market.
If that's the case then I don't see this as an issue. Provided the company continues to move ahead and keeps the transparency it has with the excellent regular news flow then it will speak for itself.
The background of his replacement will be interesting to see.