Australian (ASX) Stock Market Forum

VMT - Vmoto Limited

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Thanks for the prompt on VMT. I traded this years ago and did OK but it's not been on my radar for a long time and I'd forgotten it even exists. I've put it back in my spec list as the price is going up.
 
Ann said:
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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You have hit a jackpot today. Congratulations :)
 
Wow, thats a comeback from the dead! I remember looking at them a few years ago and they were in a death spiral. I didnt even know the company still existed.

EDIT - ok, had a closer look and they are still on life support! Still making a significant loss.
 
Clansman said:
You got a better or less redundant or less improbable opinion?
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I still dont know what probability you are assessing. 99% probability is basically absolute certainty with a margin of error, so you could be talking about the sun rising tomorrow for all i know!
 
galumay said:
I still dont know what probability you are assessing. 99% probability is basically absolute certainty with a margin of error, so you could be talking about the sun rising tomorrow for all i know!
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CR=Capital Raising is my guess but I was hoping someone like yourself would ask! :)
 
galumay said:
I still dont know what probability you are assessing. 99% probability is basically absolute certainty with a margin of error, so you could be talking about the sun rising tomorrow for all i know!
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The probability of a capital raising is high (99%) and the probability of there not being a capital raising is low ( 1%). The pullback always tells the real story.
 
Aghhh...so you think there will be a CR, maybe there was a post by someone that I have on ignore, because there was no context at all for your post on my timeline - apologies if that was the case.

As a pedant I would probably still take issue with thinking it was a 99% probability, but i would certainly agree it looks likely and the timing is obviously good with the recent increase in price.
 
Like many on ASF this was on my radar but was off until Ann picked it and leads in the comp.

I'd be watching volume on this one.

A chart over the past month.

VMT.gif
 
Garpal Gumnut said:
Like many on ASF this was on my radar but was off until Ann picked it and leads in the comp.

I'd be watching volume on this one.

A chart over the past month.

View attachment 94538
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This was a quick fluke pick of mine because of the article I found and posted, if it goes up and places in the comp I can take no kudos for having the smarts (the prize money will go to ASF). Since I chose it I have looked closer at the chart. It is not a chart which inspires me with confidence. They are a recycled company and were called Optima Corporation Limited until they changed their name to Vmoto Limited on the 24.4.2007. On or about 4/6/15 the company consolidated its shares 1 for 10. (Legally stole 90% of the shareholders money) :(
The shares were 50c at the time. They fell from then on until they got to a low of .045 on 30/11/18. IMO I wouldn't touch this company with a pair of tongs, (apologies to anyone holding)....but I could be wrong! :)

....and the chart from the Optima time until yesterday's close....

vmt 9.5.19.png
 
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