Vmoto Limited

ASX:VMT

Vmoto Limited

ASX:VMT
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$0.115 (+4.5%)
Last close price
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Reports (6) My Report Forum Investors
Forum Topics VMT VMT Vmoto delisting
shearman
Added 2 years ago

Vmoto announced yesterday after market close they intend to delist - Citing undervaluation of shares on ASX as reason

And will do a buyback of 10% of shares

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02895377-6A1243920


Turns out there has been a big discussion about this happening on hot copper for the last month or more - as well as issues with board.

Company is 50% owned by insiders - and looks to me a very high risk that they are looking to take advantage of retail shareholders while its undervalued


Its a shame this never came up on Strawman - would have liked to have known this earlier.

See HC threads here

https://hotcopper.com.au/threads/alternate-listing.8311314/

https://hotcopper.com.au/threads/vmt-share-price-and-management-discussion.7118839/

https://hotcopper.com.au/threads/those-in-favour-of-an-egm-and-removal-of-parasitic-directors.8368453/#post-77067990





6
Dominator
Added 2 years ago

Buy back at 12c but shares dropped down to 7ish cents. Risky arbitrage bet unless you know any large holder won't try get in on the buyback and I can't work out if the 19th exdate is based on settlement or trade date.

Announcement a sign that management doesn't care about small shareholders. As someone who had this on a watch as a potential value trade I'm glad management showed their hand without me investing and finding out later.

10