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VMT - Vmoto Limited

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Hi,

The beauty of having a share that is dual listed, is that you can obtain more information/research on the company and a different viewpoint.

http://markets.ft.com/research/Markets/Tearsheets/Financials?s=VMT:LSE

140123 - VMTs.gif
 
Banning of petrol scooters in China is opening doors to new investment opportunities.


Chinese restrictions open up new investment opportunities
TBI Vmoto
A move by the Chinese Government to ban petrol scooters in cities has opened up new investment opportunities for a regional Investment Management team.

Peter Jackson, Investment Manager with Tilly Bailey & Irvine Solicitors, has recently returned from a visit to the Vmoto factories in Nanjing, China, along with other UK and Australian fund managers. Vmoto, an Anglo-Australian company focussing on China, has expanded its range of electric scooters in response to new restrictions on petrol scooters in many Chinese cities. The firm is also targeting the European domestic market, particularly in Germany.

Following a two-day visit to China, Peter said: “It’s important to know as much as possible about the companies we’re investing in on behalf of our clients, and I was delighted, and privileged to be invited to tour Vmoto’s facility.

“The Investment Management team at Tilly Bailey & Irvine Solicitors works hard to research all investments. Put simply, if we’re putting money in we want to know that what they’re telling us about the company is absolutely true, and remains so. China is a growth market, but we want to be confident that we’re investing in the right businesses to deliver the best possible return for our clients.”

China has had one of the largest two-wheel vehicle markets for many years, and it is expected to continue growing. As the Government has commenced its ban on petrol scooters in cities to reduce air and noise pollution, electric scooters, such as the range produced by Vmoto, are taking an increasingly large share of the market.

Peter concluded: “Vmoto is one of many companies we invest in. It is well funded, and is confidently expanding its electric scooter production. The invitation to visit the factory in China gives us increased knowledge about the company, and in turn gives our clients confidence that analysis and research backs up all our investment decisions.”

Peter Jackson manages Tilly Bailey & Irvine’s Investment Management department. He has more than 26 years’ experience of managing discretionary money for private clients and is a Member of the Chartered Institute of Securities and Investment; the firm is also a member of the Wealth Management Association. Since 1996 he has managed and developed Tilly Bailey & Irvine’s Investment department. The department provides discretionary management of individual portfolios for private investors, trusts, pension funds and charities, from across the country. Current funds under management are at over £50m and the department prides itself on the strong personal relationship developed with each and every client.

Photo caption: Visiting Vmoto in Nanjing, Tilly Bailey & Irvine’s Peter Jackson (centre) with Charles Chen, Managing Director of Vmoto (left) and Patrick Davin, President of Strategic Development
 
I really struggle with seeing any market for these guys, i have just spent a month in SE Asia, didnt see on electric scooter amongst the hundreds of thousands that pervade the roads and cities.

Petrol is often heavily subsidised and much cheaper than here, most people have no where that they could practically hook up a scooter to a source of power to charge it anyway.

Maybe I am completely wrong and electric scooters will eventually take off, but I see no sign of it to date and if they do take off I reckon the big manafacturers with brand recognition will dominate the market anyway - honda start making electric scooters and where does that leave VMT?
 
galumay said:
I really struggle with seeing any market for these guys, i have just spent a month in SE Asia, didnt see on electric scooter amongst the hundreds of thousands that pervade the roads and cities.

Petrol is often heavily subsidised and much cheaper than here, most people have no where that they could practically hook up a scooter to a source of power to charge it anyway.

Maybe I am completely wrong and electric scooters will eventually take off, but I see no sign of it to date and if they do take off I reckon the big manafacturers with brand recognition will dominate the market anyway - honda start making electric scooters and where does that leave VMT?
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I was just noting my position, I'm not telling anyone else to buy VMT. I find getting in to debates about why a stock is great or not can only lead to bad outcomes, especially on the Internet, it is so totally pointless as the markets in time render all that energy moot.

Last year I got in to a debate about ETrade with my brother, he's a lawyer and despite losing more often than he wins in the market, he likes to think he's an A grade financial analyst, it wasn't fun as I was going to invest $50K in it and he told me it was money down the toilet, I should give it to charity (from a lawyer that is a bit rich). I bring up that trade as we all know ETrade, the overpriced and rather average broker in a highly competitive market where it's not held in high regard. I got in in April for just under $10, sold for $17.50 in October.

Ultimately my brother will be right, when things like Robinhood.io are fully in operation and get better known they are in for a hard time but I'm not in that trade anymore and walked away with $37,000.

I am not saying you are doing this but always someone will love to tell you why you are wrong about a trade, I can take almost any stock and give you a negative outlook for it but the market will not conform to our opinions, our role is to weight and balance information and preempt the markets opinions. Timing is everything.

I can give you almost 50 US stocks that I know are chronically overpriced, the first three that come to mind now are Facebook, Twitter and Tesla, would I short them right now? Nope, however I know in my US account there will be a point in the future where I would be happy to buy many put options and even sell a few naked calls.

You can count I will be wrong at times and when I am, I will close those positions very quickly, take the loss and hopefully learn from them. Additionally as I talk to the companies before I buy them and often (well always) lie through my teeth to get information when I do, it might not be wise to say too much.

I am new here, my background is a trader, I am not an long term investor, some times I hold positions for minutes, sometimes for months, on the very rare occasion a year plus, but the reality is I am not very good at that type of trading. I'm not looking to marry this stock or have it become the next TSLA, I have no idea where it will be in a year's time but count on me evaluating my position in it at least twice a day.

I posted in another thread about my sale of SAR yesterday, do I think that stock will go higher? I think it is very likely but I closed out my position at 110% profit and am fine with that. I sense some nervousness in the price around $0.50, I let that winner run long enough and I would rather avoid the stress of it. Going back to my ETrade trade, it's now at around $21 but I am still very happy where I existed the trade.

What I love about this game is it can be played many different ways, everyone has their own style, I really miss the day to day trading. As this is a hobby for me now, I thought it fun to post my trades here, sure it's nice to be right and make money from a trade but I don't invest my ego in it, I learned that is a great way to lose money by keeping losers too long many years ago.

To me the reasons why I got in to a trade are dangerous to share one two counts:

1. The debate is pointless as the market will decide anyway, I'd rather spend that time on research, additionally people become emotionally attached to an opinion, if emotions get involved in a trade that is never good and you lose discipline. In fact it is often worse for the person making the right opinion as they sometimes get too confident in themselves only to get schooled by the market on their next trade. I've been there also.

2. This is a game and I will use any *legal* means to get an edge, some of these tricks (and I have a lot of them) I don't want to share, partly as they help me if I keep them quiet so they stay effective, partly as they are sneaky and semi-underhanded. I will share one mild example, I was puzzled by a stock that looked terrible but performed well, it was a bit an enigma on paper and it looked really like an old school P&D. So I called the company posing as a stock promoter, lets just say they didn't tell me to get lost. I would not have invested in that company anyway, it looked wrong but I learned a bit more about some of the people on this forum and the Australian small cap market.

I am so sorry this turned in to an essay, thought I would give a good explanation where I am coming from.
 
BullsihBear said:
I am so sorry this turned in to an essay, thought I would give a good explanation where I am coming from.
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I am not sure why you used my post as a trigger for your rant! There was nothing in your post that addressed my questions and honestly it just sounded like you were blowing your own horn for the sake of hearing your voice.

Its a lot of words to impart very little to the world at large!
 
galumay said:
I really struggle with seeing any market for these guys, i have just spent a month in SE Asia, didnt see on electric scooter amongst the hundreds of thousands that pervade the roads and cities.

Petrol is often heavily subsidised and much cheaper than here, most people have no where that they could practically hook up a scooter to a source of power to charge it anyway.

Maybe I am completely wrong and electric scooters will eventually take off, but I see no sign of it to date and if they do take off I reckon the big manafacturers with brand recognition will dominate the market anyway - honda start making electric scooters and where does that leave VMT?
Click to expand...

Cities in china are mandating electric over petrol. The rest of Asia will do the same eventually as they pollute more than any other form of transport....but, there is allot of competition!
 
CanOz said:
Cities in china are mandating electric over petrol. The rest of Asia will do the same eventually as they pollute more than any other form of transport....but, there is allot of competition!
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I did see someone else comment about some Chinese cities mandating electric, maybe the rest of Asia will follow suite in time - but i wonder how long that time scale is?

Perhaps the competition factor is the thing that worries me most about VMT, if in fact there is a move to mandating electric that gains momentum the big players will obviously move to supply the market created, there is nothing new or innovative about electric scooters so there is no technological barrier to the big players releasing electric models.

I cant see how VMT could create any competitive advantage and in fact they may be disadvantaged by any large scale move to electric - while the market is small they do have an edge, the big players leave them alone and they have a small but significant (for them) market, but as soon as there is any momentum in the move towards electric the big players will step in and swamp them.
 
galumay said:
I did see someone else comment about some Chinese cities mandating electric, maybe the rest of Asia will follow suite in time - but i wonder how long that time scale is?

Perhaps the competition factor is the thing that worries me most about VMT, if in fact there is a move to mandating electric that gains momentum the big players will obviously move to supply the market created, there is nothing new or innovative about electric scooters so there is no technological barrier to the big players releasing electric models.

I cant see how VMT could create any competitive advantage and in fact they may be disadvantaged by any large scale move to electric - while the market is small they do have an edge, the big players leave them alone and they have a small but significant (for them) market, but as soon as there is any momentum in the move towards electric the big players will step in and swamp them.
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Yeah, i totally agree...if anything i reckon they'd have an advantage getting into other markets but i suppose to please the laymen they have to be involved in their home country too...

I hope it works out good for them...
 
hum was not impressed by the voting paper and the cash distributions to board member , but who is in any company.
Overall, made a nice gain by selling when it peaked but failed to be able to get back in at the level I wanted so not in anymore..
was probably too hasty in selling the lot...
will get back in if I can get the proper price
 
qldfrog said:
hum was not impressed by the voting paper and the cash distributions to board member , but who is in any company.
Overall, made a nice gain by selling when it peaked but failed to be able to get back in at the level I wanted so not in anymore..
was probably too hasty in selling the lot...
will get back in if I can get the proper price
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Waiting was a good decision - as long as you didn't wait too long.
Today's Trading Update http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01530667 was well received, and I reckon 4.5c won't be seen again for some time.

VMT n 02-07-14.gif

If 5c becomes support, chances are for a new High.
Disclosure: I bought the break and also hold options.
 
pixel said:
what the ... ? "Replacement Update" ? http://www.asx.com.au/asx/statistics/displ...;idsId=01530715
what is different?

The Market seems just as confused: VMT is sold back down to 4.5c.
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Pretty slack of them not highlighting what the error was.

The only one I could spot was the 5th bullet point on the front page. Scooter sales for 5 months from Vmoto's retail store was 10932 in the first announcement, and 5466 in the replacement announcement.

If you look at VMT's announcement on 23 May you could see that the 10932 figure from the original announcement was not possible.

To end of April: Total sales = 22408, own retail sales = 4,294 (19% of total)
To end of May(wrong verson): Total sales = 30414, own retail sales = 10,932 (36% of total)

So in the month of May, total sales = 8,006, own retail sales = 6,638 (83% of total).

Using the corrected number, in May alone, total sales = 8,006, own retail sales = 1,172 (14.6% of total). So much more reasonable and in line with recent trends.

Still a very solid month of trading nonetheless.
 
skc said:
Pretty slack of them not highlighting what the error was.

The only one I could spot was the 5th bullet point on the front page. Scooter sales for 5 months from Vmoto's retail store was 10932 in the first announcement, and 5466 in the replacement announcement.

Still a very solid month of trading nonetheless.
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Thanks mate,
I have been busy with a few other trades as well, so didn't have the time to compare immediately.
But as I followed the chart, I knew when to take a quick profit.
In the meantime, I'm back in the buying queue. Still holding the options.
 
pixel said:
Thanks mate,
I have been busy with a few other trades as well, so didn't have the time to compare immediately.
But as I followed the chart, I knew when to take a quick profit.
In the meantime, I'm back in the buying queue. Still holding the options.
Click to expand...

Well, I got that one wrong: 4.5c was quite severely broken.
Will the latest upswing hold on the back of today's announcement http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01554672 ?

VMT o 22-09-14.gif

For now, I'm sitting tight: holding 4c oppies will do me.
 
I guess since we lost pixel no-one has been watching this one creep up.
9.72% up today to 79c

Vmoto’s electric scooter sales accelerate worldwide on back of electric vehicle revolution


As the electric vehicle revolution unfolds, Vmoto (ASX: VMT) achieved record international sales for its electric scooters during the March 2019 quarter.


International sales for the quarter rocketed 80% on the same period last year and were up 57% on the December quarter.


Overall, for the March period, Vmoto sold 3,821 scooters worldwide, with European customers and distributors accounting for the vast majority of sales at 3,122 units.


The electric scooter sales into Europe during the March quarter was an 85% increase on the December period and 275% higher than the previous corresponding quarter.


Underpinning the increased sales is a growing order book, with Vmoto receiving deposits and orders for 2,292 units by the end of the March quarter. More...
 
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