Yeah and they were valuing Snakk at > 12 cents, so I wouldn't bother reading too much into their reports.
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A Tiger rule of thumb was that a FTE needed at least $200K of annual revenue to break even, but that was a few years ago.
So assuming that $250K would do it then $16M a year revenue would be good.
This new $5M will not last them long - there will be back for more this year.
Best Wishes
Paper Tiger
VMob in the finalists for: NZ Innovators Awards 2015
In the categories:
INNOVATION IN INFORMATION COMMUNICATIONS TECHNOLOGY & CLOUD SOLUTIONS
and
INNOVATION IN MARKETING & COMMUNICATIONS
and
EXPORT INNOVATOR OF THE YEAR
Well done VMob.
Axe, you're a joy. Of course I still hold VML, I haven't sold a single share in fact I have bought more at these depressed prices, quite a lot more, relatively speaking, though similar to the sentiment of the large holders (although they did it off market) who are now inhabiting the T20 list. Have you bought any yet?
Honestly Axe, I genuinely think VMob is an exceptionally good investment with a great product in the right place at the right time, in high growth mode, leading into a market which is incomprehensibly large, partnered with one of the largest IT companies on the planet.
I'd hate to miss out just because of a brief but sustained period of negative sentiment. Even the recent posts of esteemed members fail to see the true ACMR picture, they don't realise the numbers have been public for at over a month (the shareholders meeting was where they were originally released), let alone the upside revenue from how many millions of 'users' are engaged on the platform through their mobile devices.
VMob will make some investors very very happy. Others will wonder what the heck happened while they questioned and doubted the minutiae of the day to day sentiment.
Jmho as always, not advice.
Cheers
BAA
I agree they also have fantastic technology.
My issues are more around sales conversion. Last financial year they had 1700% growth in ACMR, but this year in the first 4 months that has reduced substantially to 41% growth.
Employee numbers are growing quickly which means costs are ballooning, especially with a new HO in San Fran.
So my concern is the capital raising that's going to need to take place and how much that would further dilute any holdings I might have should I buy.
Another point to consider, VML may need to go through further "growth pains" before the good times come which might mean todays share price looks high compared to where it might be heading. The 6 month interim report will tell that story.... how big has the loss grown too.
The 1700% was always an anomaly due to a low base. Ideally they would still be running at over 200% but over 100% is still great. Remember that they will have great growth from McD as more stores come online. Any new customers will just increase that growth further.
trying to delete this post.
Ikea is a 5 month trial too.
But if the trial is successful, it could be worth quite a bit.
I know VML has lots of leads from he Microsoft global presentation.... its how many of those they manage to convert. And considering the costs are quite large... many companies might need to budget for it for next year.
Interesting stuff though.
Here's the VMob 101 on what they actually do for their customers that makes a difference http://pages.vmob.com/mobile-awesomeness/ . It's worth the effort ... click on the link saying "If you want to go straight to the download, now’s your chance." ... have a read.
It's possibly a big step for investors to take in quite how Vmob are leading the revolution in conjoining mobile marketing with big data analytics to revitalise bricks and mortar sales.
It's a massive global opportunity and VMob are a leader in thought and solutions, ahead of the product curve, partnered with the largest IT cloud platform provider in the world, who are blessed with many of the largest retail customers in the world, who want what VMob have got.
Connect the dots. Incredibly, you can still buy in at cornerstone investor prices.
Received an updated Top 20 shareholder list this morning and compared it to the last public list in the '15 Annual Report. Looks like Sorensen is selling or has sold. Snakk Trustee has gone and the Nominee Company c/o Jones Young which may include him as well, has reduced. Not a surprise, but can anyone else confirm ?
Hey McD, good post thanks ... there has been significant reductions in holdings (to date ~ 66%) from those who should not be named here (including the one who has freaked out some previous trolls, and the other one who has never even been mentioned but regularly plays the game .. HS .. Bc (cough) [like why would they bother with this .. is it a training course for their graduate intake or something?] just saying.
And, a whole new group of new/accumulating shareholders coming onto the register. This is encouraging and timely. With HY results just around the corner, moving to the NZX and the concerted selling pressure of the 'feared one' (lol) diminishing ... or gone, I'd expect to see some really nice upside coming soon.
jmho
BAA