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VRX Vectrix S

2.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vectrix S LSE:VRX London Ordinary Share COM SHS USD0.10 (REG S)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.00 GBX

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Posted at 05/2/2008 12:02 by m.t.glass
Article comparing cool-looking expensive Vectrix scooter with less-cool-but-cheaper Chinese import.




Indian-made Hero electric scooters are also available.

It is difficult to see Vectrix achieving sales at a premium price in a market largely consisting of economy-minded buyers.

Vectrix perhaps don't consider themselves to be chasing mass market sales, and expect instead to sell to the discerning and wealthier buyer - but is that a big enough niche? And is the Vectrix scooter - impressive though it is - impressive enough to appeal in that market?
Posted at 10/12/2007 22:47 by m.t.glass
High product price but questionable reliability, is not a nice combination. Even if they've sorted the reliability issues, they need to prove it, before those who were put off by that will come back in. Maybe I am being unfair, but fairness isn't what investors are about.
Posted at 06/12/2007 12:57 by stan36
also some investment funds had to sell because its market cap fell below a threshold i.e. they were forced to bale out by their own rules, thereby making the share price fall further.
Posted at 06/12/2007 10:21 by m.t.glass
Industry Eye: Electric motorcycle share price plummets
Author: Visordown News

Published: 5 Dec 07
THE ENVIRONMENT may be a big topic in the news right now but it hasn't stopped Vectrix, the company that produces electric powered motorcycles, from serious financial woes.

An article on telegraph.co.uk, states Vectrix's share price has plumetted from a float value of 52p to a mere 12.5 pence.

The demise in the company's share value has been attributed to production gremlins, investors selling their shares immediately after the float to make a quick buck and a lack of after-float support from the company's bank, HSBC.
Posted at 16/10/2007 15:50 by m.t.glass
Vectrix have a big stand at EVS23 in 7 weeks time.
US and worldwide media coverage of that whole show looks like being truly huge this year.



Publicity hasn't been a problem. Getting the price down has.
Posted at 31/5/2007 00:34 by m.t.glass
No VRT reduction for green machine

Green Machines, Ireland's leading supplier of zero emission vehicles, have learned that the Vectrix Scooter, Ireland's only true 100 per cent emissions free vehicle, is not eligible for a VRT reduction under the Finance Bill.

Green Machines has called for a commitment to encouraging growth in this sector by immediately acting to remove VRT and reduce VAT on zero emission vehicles.

Green machines have, for the last five years, been leading the way in supplying Irish consumers with practical, environmentally friendly solutions to their daily commute. At present 19 per cent of the retail price of the Vectrix is tax.
Robert Nolan, Managing Director, Green Machines, said: "Unlike hybrids, which still produce substantial green house gasses, our Vectrix scooter, a 100 per cent emissions free vehicle, has been refused any VRT reduction. The Department of Finance informed us that VRT reductions are only available for cars as they are specifically mentioned in the Finance Bill. Under this logic a carbon producing hybrid vehicle will get a 50 per cent VRT refund, while a carbon free scooter will not, simply because it's not defined in any finance bill. We feel that with the carbon emission reductions that all Dáil parties seem to be committed to achieving over the next few years that they should all be encouraging consumers, businesses and county councils to switch from petrol run and for that matter hybrid vehicles to zero emission vehicles. At present the VRT and VAT constitute a substantial portion of the cost of retailing these vehicles. We believe the immediate removal of VRT and the reduction of VAT to 13.5 per cent from its 21 per cent present rate will encourage growth in this sector of the economy and ultimately have a positive impact on the environment."
He added: "I have to question the commitment that the Government really had to tackling the issue head on. I do not understand why they allowed a situation arise where a true zero emissions vehicle could ever be excluded from a reduction in VRT.
"We are challenging the next Government to immediately address this glaring oversight contained in numerous finance bills. Our industry is promoting a switch to a mode of transport that will have an immediate impact on the local as well as the Global environment. The reductions we are calling for will encourage a switch by the consumer to an environmentally friendly mode of transport."





PS: Ireland is not the only place where this anomoly occurs.
Posted at 25/5/2007 10:00 by kingfast
But 45p was a good price yesterday it appears in retrospect.
Posted at 24/5/2007 12:36 by kingfast
Investors



Vectrix Corporation, designs, develops, assembles and sells high-performance, zero-emission, two-wheel electric vehicles.


The Company has developed the first high-performance, zero-emission electric Maxi Scooter. Vectrix's MAXI Scooter, which has a top speed of 62 mph, a range of over 60 miles and acceleration of 0 - 50 mph in 6.8 seconds and peak power exceeding 20kW. It is the Company's first vehicle that has been designed for mass commercial production and competes with traditional internal combustion engine ("ICE") bikes in the 125cc to 400cc space.

The Vectrix MAXI Scooter is designed to satisfy the driving demands of the urban commuter, who faces increased congestion in urban areas combined with inadequate public transport and parking. Favourable environmental legislation, greater environmental awareness among consumers and increasing operating costs of traditional vehicles are also expected to drive demand for the Vectrix MAXI Scooter.

In recognition of the Company's achievement in developing its MAXI Scooter, Vectrix was awarded the 2006 Frost & Sullivan Award for Technology Innovation and Leadership in Alternative Vehicle Technologies.

From the web site it appears they the company was formed in 1996 and has spent $25 mill developing this technology. Site is short of substance, no sales/turnover indicated. The company is based in Newport U.S.A. and the European company in Rome. Will watch and wait, share price going down today.

Placing price 52p
Vectrix S share price data is direct from the London Stock Exchange

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