and she will greatly improve the photo of the Board in
the annual report ;)
Printable View
Massive sale around $0.34. Anyone knows who is abandoning this company?
I don't have a good feeling about this... if the upcoming report was a good one wouldn't the recently departed Director want to hang around to take the credit for it?
Another odd is the second half year is silent. No major announcement, compared with the first half year. Not a good feeling. Anyway, hold it!
Sorry, it is not today. It is at the end of this year.
"VMob Group Limited (VMob) is pleased to announce the appointment of Stephen
Davies to the role of Chief Financial Officer. Stephen will commence his
role early in the New Year, with Steve Allan, current Chief Financial
Officer, leaving the business at the end of this year."
No worries, Steve Allen actually resigned in July, it was announced 24 July and although he was due to leave earlier he agreed to stay on for a while longer, presumably until a replacement was found. Steve has been a delight to deal with, I can't speak highly enough of his excellent shareholder relations. I wish him well on his next adventure. Stephen takes over as CFO shortly.
Do you mean no major announcements in the last two months? Even then, the last new customer was IKEA in July, so I guess you're correct that it's been a long time since we've heard anything about new customers. Winning major awards like being named Microsoft business partner of the year (amongst others) etc, which exposes VMob to untold opportunity has filled the gap somewhat.
There has also been a lot of distractions, like the capital raising with no time limit and the ASX listing cancelled and deferred to an NZX listing. Then even that NZX listing got stuck with criteria like the pre-defined market cap within a timeframe. So there's been all this noise for months which is distracting for the company and shareholders.
What gives confidence in spite of all of this is the massively reduced holdings of a former shareholder whom some maligned openly on this forum. And a closely related Director has resigned as well. But better than that, there has been significant shareholdings taken during this period of relative quiet by some outstanding names with excellent credentials, topped off recently with a new Director with impeccable cred.
As you say ... "Anyway, hold it!"
BAA
The last 6 months from VML have been very quiet on the most important front. No new big clients... (yet :))
The lack of leverage through the relationship with MSFT is underwhelming.
The inability to follow through with announced ASX listing has driven negative sentiment.
The 6 month chart is in a downtrend. Speculators will be looking elsewhere.
There is upcoming dilution as VMOB will need to raise capital. Not great for current holders unless they want to throw more money in to avoid dilution.
The good news is that if VML can add 2-3 more big name clients the SP should respond accordingly.
Attachment 7748
Would you care to elaborate on your connection to this company Baa? I'm not sure too many CFO's would have direct dealings and "excellent shareholder relations" with shareholders. You obviously carry a flag for the company which is obviously your perogative, but if there is something more you should really disclose it. You have rightly or wrongly given me at least, the impression you have a reason to be beating the drum more than the average shareholder.