March 2022
Stock I'm watching this month:-
VMT - Vmoto LtdSector: Consumer Discretionary
Market Cap: 110.35 Mil
Price/Earnings: 14.01
Price/Book: 2.39
Return On Equity: 20.29%
Return On Assets: 7.55%
Debt/Equity: 0.85%
Reasons to watch: VMT manufactures and distributes two wheeled electric vehicles. It is based in Western Australia. The world is moving towards electric vehicles and as we know the winner of this race is Tesla with other car manufacturers catching up on this trend. However, the two wheeled motorcycle space is still under explored and VMT stands a chance to be a leader.
Risk: Although green energy and vehicles have been talked about for many years, petrol vehicles still seem to be the vehicle of choice. This is probably due to the lack of infrastructure for EV's.
Sentiment: Buy
Disclosure: Held
Current Price: $0.395
My Strike Price: $0.395 (Morningstar Fair value: $0.52)
Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.
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