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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.

<blockquote data-quote="Nevarong" data-source="post: 729110" data-attributes="member: 49367">Stay away from VDM, unless you&#039;re going short, but don&#039;t stay there too long or you&#039;ll do all your money. Definitely don&#039;t buy them on their fundamentals hoping that they&#039;ll rise. I&#039;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&#039;t win a huge amount of work really quickly, which I can&#039;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.</blockquote>

[QUOTE="Nevarong, post: 729110, member: 49367"] 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. [/QUOTE]

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