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- 20 February 2007
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Hi
I am a new new at trading and trying to learn as I go - I brought VMT a while ago and am confused as to why it hasnt done better - seems to me that the reports and announcements in the past couple of weeks were quite good and that they would have pushed the share price up a little more - can anyone give me their advice on this share??? Would like to hold onto it I think for a while but thought that it would have performed better.....not that I know a lot - as I said am new at this!!!!
Cheers
Peta
PS would have attached reports but not sure how......
Walk into any scooter store that doesn't sell Vespa and take a look. Bolwell is also doing well at the "never-heard-of-'em" end of the market, the Honda and Yamaha stuff is OK and priced just shy of Vespa.p.p.s.....does anyone know what the competition is like?VMOTO sounds cool anyway.
Nahh, it would take me buying some shares to do thatp.s.....hope i don`t put the mockers on it.
LONDON--Vmoto Ltd. (VMT.AU), a global manufacturer and distributer of Electric Powered Scooters, said Wednesday it made a net profit of 40,000 Australian dollars in July, which although lower than June's A$80,000 includes one-off expenses in opening additional Chinese retail stores, and maintains its forecast to make a profit in 2013.
MAIN FACTS:
-As previously announced, Company anticipates that it will make a maiden annual profit for the financial year ending Dec. 31 of between A$300,000 and A$600,000.
-PowerEagle electric scooter production on track for 42,000 units to end of 2013, 24,600 units produced to end of July.
-Three Vmoto retail stores opened in China within two months; positive retail trading, roll out of further stores planned.
-Company is also progressing the fast track development of four more of Vmoto's own models, to add to the six models currently being sold into the Chinese domestic market.
-Vmoto has approached by a number of parties operating in the electric vehicle sector for collaborations or joint ventures; discussions with such groups are ongoing.
-Shares at 0705 GMT up 9.62% at 1 pence valuing the company at 11.65 million pounds.
-Write to Ian Walker at ian.walker@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 21, 2013 03:13 ET (07:13 GMT)
Funny how the share price seems to be at a low point, when VMT is producing & about "to be making profit."
Yet, at the early development stages the share price is much higher.
Please DYOR
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