VMG - VDM Group

[adobee]

Anyone still holding this.. looks like a tidy profit now and still very strong buyers.. VDM Awarded Stage 2 of Cape Preston`s Accommodation Village
announcement seems to have really sparked some interest..

 

[zolow]

Hey Adobee, I am still holding... been in on this company for a while, don't have time to day trade so I'm in it for the long term. I am kicking myself that I didn't pick some more up when they were at 16-17c.

Good order book and also low debt etc. Even with the profit downgrade they still seem to be getting some reasonable sized contracts. I will keep them as they look to be solid performers.

 

[bigdog]

VMG 07/08/2009 15:27 asx Suspension from Official Quotation

The securities of VDM Group Limited (the “Company”) will be suspended from quotation immediately.

VMG 0.50 +0.205 +69.49% high of 0.575 and low of 0.29 5,560,777 shares $2,513,935 @ 07-Aug 03:17:30 PM

First trade 10:20:36 and all the action started from 14:08:48 and last trade at 15:17:30 (total traded 5,560,777 shares and SP up +0.205 +69.49%

Today: 07-Aug-2009
Time..... Price Volume Value Condition*Codes
14:21:44 0.310 50,000 15,500
14:17:54 0.310 5,000 1,550
14:17:54 0.305 10,000 3,050 XT
14:11:31 0.310 20,000 6,200 XT
14:08:48 0.310 13,363 4,143 XT
14:08:48 0.310 8,195 2,540
14:08:48 0.305 30,000 9,150
14:08:48 0.300 50,000 15,000
14:08:48 0.300 40,000 12,000 XT
14:08:48 0.295 12,000 3,540 XT
14:08:48 0.295 6,442 1,900 XT
13:18:20 0.295 10,180 3,003
13:18:20 0.295 1,200 354 XT
12:42:33 0.290 9,500 2,755
12:37:28 0.290 27,500 7,975
12:26:32 0.290 8,179 2,372 XT
12:26:32 0.290 11,821 3,428
11:44:31 0.295 20,000 5,900
11:35:15 0.295 10,000 2,950
10:33:13 0.295 6,000 1,770
10:33:13 0.295 3,500 1,033 XT
10:28:56 0.295 4,000 1,180
10:20:36 0.300 10,000 3,000

 

[michael_selway]

VMG 07/08/2009 15:27 asx Suspension from Official Quotation

The securities of VDM Group Limited (the “Company”) will be suspended from quotation immediately.

VMG 0.50 +0.205 +69.49% high of 0.575 and low of 0.29 5,560,777 shares $2,513,935 @ 07-Aug 03:17:30 PM

First trade 10:20:36 and all the action started from 14:08:48 and last trade at 15:17:30 (total traded 5,560,777 shares and SP up +0.205 +69.49%

Today: 07-Aug-2009
Time..... Price Volume Value Condition*Codes
14:21:44 0.310 50,000 15,500
14:17:54 0.310 5,000 1,550
14:17:54 0.305 10,000 3,050 XT
14:11:31 0.310 20,000 6,200 XT
14:08:48 0.310 13,363 4,143 XT
14:08:48 0.310 8,195 2,540
14:08:48 0.305 30,000 9,150
14:08:48 0.300 50,000 15,000
14:08:48 0.300 40,000 12,000 XT
14:08:48 0.295 12,000 3,540 XT
14:08:48 0.295 6,442 1,900 XT
13:18:20 0.295 10,180 3,003
13:18:20 0.295 1,200 354 XT
12:42:33 0.290 9,500 2,755
12:37:28 0.290 27,500 7,975
12:26:32 0.290 8,179 2,372 XT
12:26:32 0.290 11,821 3,428
11:44:31 0.295 20,000 5,900
11:35:15 0.295 10,000 2,950
10:33:13 0.295 6,000 1,770
10:33:13 0.295 3,500 1,033 XT
10:28:56 0.295 4,000 1,180
10:20:36 0.300 10,000 3,000

yeah nice run

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 13.6 2.4 4.3 5.1
DPS 10.0 0.0 0.0 1.5


Thx

MS

 

[suhm]

apparently a tip sheet recommended it, ASX suspended it and was reinstated after company said there was no reason for the rise. bit the bullet to buy earlier this week so didn't take that long to head in the right direction.

 

[LeeTV]

All stemmed from an ASCI tip sheet I'm led to believe. Apparently you can pay $99 for the standard report, which is emailed to you at 2.15pm or $199 for the premium report, which is the same as the standard report but it's emailed out to you at 2.00pm :

 

[tarn1]

I'm curious. Does anyone have a copy of the ASCI alert that supposedly caused such havoc on VMG shares last Friday?

Cheers

 

[bigdog]

I'm curious. Does anyone have a copy of the ASCI alert that supposedly caused such havoc on VMG shares last Friday?

Cheers

ASX Announcement

07-08-2009 03:27 PM VMG Suspension from Official Quotation
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00975827

MARKET RELEASE 7 August 2009VDM Group Limited SUSPENSION FROM OFFICIAL QUOTATION

The securities of VDM Group Limited (the "Company") will be suspended from quotation immediately.

Security Code: VMG

-----------------------------------------------------------------
07-08-2009 05:43 PM VMG Response to ASX Price Query
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00975901
-----------------------------------------------------------------
07-08-2009 05:54 PM VMG Reinstatement to Official Quotation
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00975903

 

[Riddick]

I happened to spy the ASCI sheet. the VDM tip was given with a bit of risk attached as far as I can see. the main point of interest was the potential for big upsides - VDM group traded at around 3 bucks prior to the slide... on the market for 30 cents. like I said though it came with risk.

 

[countryboy]

still stuck around 40-50c mark. recent capital raising brought the stock down to offer price of 41c if I recall correctly. They have reduced debt and are still taking on new business..couple of anouncements to support this.
With mining now continuing on unabated and debt sort of under control you can understand why some feel this should head north...but it hasn't happened

 

[kingink]

Hey peeps,

Quite a noob to the market here...

Does anyone think VMG will bounce back soon?

What caused them to fall during October anyway?

Thanks, take care

 

[mr. jeff]

SKC
Can I ask how you knew this move was to occur, can you fill us in on any of your research or insight into VDM lately? Very impressive tip and perfectly timed.

 

[kingink]

Totally agree Jeff, SKC has done very well here.

I was contemplating a buy on VMG however instead went for WPG which still luckily jumped up back to life.

The thing that interested me about these companies was the beastly multi million dollar size of them, and the share price being at an all time low.

The only other study I did on these 2 were minor background checks such as, looking at their history, money, debt, possible future contracts and current contracts which would help bump their price up. The only thing the charts told me was that they were at a low point. MACD and bollinger did look like it was slowly going to creep upwards and RSI was roughly below 40 or so I believe.

I'm very new to the market so I would love to hear SKC's point of view and am very open to other peoples ideas on picking companies. Sorry if some of my information is a little off because it's just from memory.

Take care and good luck

 

[kingink]

Sorry I've just realised SKC's post was quite a while ago and it was Countryboy who had the latest pick. However I'm sure everyone has good ideas so feel free to help a novice with some insight haha.

Well done mate. Take care.

 

[skc]

SKC
Can I ask how you knew this move was to occur, can you fill us in on any of your research or insight into VDM lately? Very impressive tip and perfectly timed.

No I didn't get my timing right as I picked them for Jan also and they actually went backwards.

VDM got my attention when they sold a business in Dec and leaving their share price mostly cash backed (somewhere north of 4c) but still with a sizable engineering business that has the potential to turnaround.

I did well with my holding and has sold ~60% yesterday.

But I did poorly with my VMGO which I sold at 2 tick profit when it was 15 ticks yesterday

Sorry I've just realised SKC's post was quite a while ago and it was Countryboy who had the latest pick. However I'm sure everyone has good ideas so feel free to help a novice with some insight haha.

Well done mate. Take care.

I think Jeff's refering to the monthly tipping comp.

 

[explod]

I took a position in this Friday as after a nice breakout and consolidation it moved up out of a short term pennant.

From its trading halt at 15cents back in June last year to the open at .053 I find the gap overhead a bit hard to resist.

The volume and the way it is being traded during each day also appeals to my style.

 

[Nevarong]

Stay away from VDM, unless you're going short, but don't stay there too long or you'll do all your money. Definitely don't buy them on their fundamentals hoping that they'll rise. I'm trying to offload my shares.

If you read their prospectus and annual report available to the general public on their website and the ASX the reading is very grim at best and their pipeline of work appears to be non-existent. It sounds far too upbeat for a company whose shares have plummetted from 8.5c to 2.7c in a few short months. Their cash reserves that they have disclosed in the report of $23M will probably be eaten up in their overheads within a very short time if they don't win a huge amount of work really quickly, which I can't see happening at all given the extremely competitive constructon market they are trying to tap into according to their prospectus. They have also had some key staff leave according to their annual report. It looks like a sinking ship with the Titanic’s captain at the helm.