Is this the highest value traded stock on the AX for two weeks in a row now? What is the share price up to... Smells...
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Is this the highest value traded stock on the AX for two weeks in a row now? What is the share price up to... Smells...
Notice of being awarded the Japan contract was 11th of August. Surely we can't be far from the promised announcement of the financial details... Order in at 1.2c because of course it will bounce. The last 12 months have shown this to be an easy trading stock but a poor holding stock.
Yeah thats true, seems like it has likely been delayed due to the paper work. I'd agree too, this is a trading stock until it presents any solid revenues that can justify its price. Given this is the perception everywhere, a lot of holders will be day traders who will sell immediately after news is out and price is high, which in turn brings the price back down and we start all over again. Great prices at 1.2-1.4 though. I'd take this moment to also mention how important fundamentals are, as we can see with Snakk who have revenues, their rise and fall in price is much less because it has good revenues backing it, while VML does not and will be like this for a while. DOYR
From V Mob's Oct newsletter…."VMob’s ACMR has grown from $0.2m in FY14 to $2.1m currently, an increase of 1,091%"
DYOR
Is there no excitement with VMob? I would have thought the McDonalds Japan contract and the probable expansion into other McDonalds markets would have been cause for some excitement. What would it take for this share to grab the attention of the market. True this stock is still quite speculative but it does seem to be in an expansion mode.
Oh well maybe time to buy a few more
I'm a bit surprised aswell but I guess when 90% of your business comes from 1 contract, you cant put to much reliance on it.
Wonder where all the Wellington boys screaming it was penny dreadful of '14 went? They sure aren't buying!
Someone knows something... Today was insane.
Anticipating Half Year Result this Friday. I feel I've picked the bottom of the SP.
NZAX will require reporting on or before the end of November.
VMob Group Limited 2015 Interim Results Announcement
https://nzx.com/companies/VML/announcements/258230
VMob results appear to have underwhelmed, if the share price is anything to go by.
Are there any FA's on deck that are willing to have a crack at analysing this ?
https://www.nzx.com/companies/VML/announcements/258230