Bumped into a McDonalds NZ/AU marketing person the other day - they really liked the VML product.
A bit of a worry that VML haven't been able to sustain the price that saw them jump to the NZX. Surprised in some ways that the NZX didn't ask VML to sustain that price of 50c for a period before making the jump, but then, they are probably very keen to wind up the NZAX and move companies across to the NZX or NXT as soon as possible.
Bumped into a McDonalds NZ/AU marketing person the other day - they really liked the VML product.
A bit of a worry that VML haven't been able to sustain the price that saw them jump to the NZX. Surprised in some ways that the NZX didn't ask VML to sustain that price of 50c for a period before making the jump, but then, they are probably very keen to wind up the NZAX and move companies across to the NZX or NXT as soon as possible.
I'm not terribly concerned about the recent drop in the share price.
The price jumped about 60% (from 32¢ to 51¢) in late December/early Jan which got it over the threshold to meet the NZX listing requirements. This jump seems to have been caused by either no news, successful share placement completion or just someone buying up shares to push it over the $40m threshold. Personally, I think it was the latter. Surely it's pretty easy to do on the low volumes over the Christmas period.
The price has now fallen close to 15%. It might fall more later today. The market cap is $37m so not even 10% below the $40m threshold.
This is a fairly volatile stock, moving around on low volumes. If it falls back to the low-30s that's more of a worry but in the absence of any (bad) news it's no big worry for me right now.
Interesting to see these sales growth stats appearing more frequently on retail industry and mobile commerce websites ... this one references McD's uplift in sales linked to coupon redemptions and beacons, which we know VMob will be the driving platform. Another stat is the predicted growth in beacon powered coupons! The future is bright indeed.
"In-store beacons are proving to be a successful tool for mobile coupon redemption rates, with a substantial number of retailers seeing positive results, such as McDonald’s 8 percent rise in McChicken sales. Juniper’s research predicts that beacon-powered coupons will rise to 1.6 billion annually, increased from 11 million this year."
I'm afraid there is some truth in what balance says. VMob's success will always be discounted because of the poor quality corporate history. Shame really
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Originally Posted by Yeshiva
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