Announcement • Apr 01
Vmoto Limited, Annual General Meeting, May 22, 2026 Vmoto Limited, Annual General Meeting, May 22, 2026. Announcement • Mar 21
Vmoto Limited, Annual General Meeting, May 21, 2025 Vmoto Limited, Annual General Meeting, May 21, 2025. Location: at source governance, meeting room 1, level 39, 152-158 st georges terrace, perth, western australia 6000 Australia Announcement • Jan 24
Vmoto Limited Receives Notice from Raymond Munro Investments Pty. Ltd On January 24, 2025, Vmoto Limited announced that it has received notices from Raymond Edward Munro and Susan Roberta Munro as nominees for Raymond Munro Investments Pty. Ltd. as trustee for the Munro Family Super Fund, Susan Roberta Munro, Munro Group Pty Ltd; BAAS Investments Pty Ltd (Requisitioning Shareholders), regarding notice dated January 22, 2025, given under sections 203D and 249D of the Corporations Act 2001 (Cth) by which the Requisitioning Shareholders notified the Company of its intention to propose resolutions at a general meeting of the Company’s shareholders for the removal of Messrs Blair Edward Sergeant, Erchuan (Martin) Zhou, Aaron Reade Kidd and Yin How (Ivan) Teo, respectively, as directors of the Company and the appointment of Messrs Phillip Ashley Campbell and Andrew Logie Smith, respectively, as directors of the Company. The Company has also received a members’ statement under section 249P of the Corporations Act from the Requisitioning Shareholders. New Risk • Dec 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (AU$29.4m market cap, or US$18.7m). Announcement • Dec 17
Vmoto Limited (ASX:VMT) announces an Equity Buyback for 39,548,719 shares, representing 10% for $4.75 million. Vmoto Limited (ASX:VMT) announces a share repurchase program. Under the program, the company will repurchase 39,548,719 shares for AUD 4.75 million of its issued share capital. The shares will be purchased at price of AUD 0.12 per share. The buyback is intended to provide shareholders exit as the company is getting delisted. The buyback record date is December 20, 2024. The program is valid till January 31, 2024. New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (AU$62.7m market cap, or US$41.8m). Board Change • May 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Martin Zhou was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 25
Vmoto Limited Announces Board Changes Vmoto Limited announced the appointment of Mr. Aaron Kidd as Non-Executive Director, effective immediately. Aaron has over 15 years' experience across M&A and capital markets, primarily within Tier 1 global investment banks and private equity, with particular sector specialisation in natural resources and energy transition. He commenced his career with Goldman Sachs, was previously the Head of the Perth Office of Credit Suisse and now leads Zephyr Capital. Mr. Kidd holds a Bachelor of Laws (Hons) and Bachelor of Commerce (Hons: Corporate and Investment Finance) from the University of Western Australia, where he was awarded various prizes and graduated as Commerce Valedictorian. The Company also announced that Ms. Shannon Coates did not stand for re-election at today's AGM and her directorship ceased at the close of the meeting. Announcement • Mar 27
Vmoto Limited, Annual General Meeting, May 24, 2024 Vmoto Limited, Annual General Meeting, May 24, 2024, at 14:00 W. Australia Standard Time. Location: Karri Room, Central Park Building, 152-158 St Georges Terrace Perth Western Australia Australia Reported Earnings • Feb 29
Full year 2023 earnings released Full year 2023 results: Revenue: AU$69.5m (down 40% from FY 2022). Net income: AU$7.25m (down 29% from FY 2022). Profit margin: 10% (up from 8.8% in FY 2022). The increase in margin was driven by lower expenses. Announcement • Sep 01
Vmoto Limited Appoints Joan Dabon as Company Secretary to the Company, Effective Immediately Vmoto Limited announced the appointment of Ms. Joan Dabon as company secretary to the Company, effective immediately. Ms. Dabon is a Chartered Secretary with Source Governance and has over 7 years' experience in providing company secretarial and corporate advisory services to ASX and NSX listed companies across a variety of sectors including mining, property development, logistics and distribution, manufacturing, and agriculture. She has also acted as company secretary for public unlisted and proprietary companies, monitoring and managing their corporate governance and compliance frameworks. Joan has Juris Doctor degree and is an associate member of the Governance Institute of Australia. In accordance with ASX Listing Rule 12.6, the Company advises that Ms. Dabon is nominated as responsible for communications with ASX in relation to all Listing Rule matters. The Company further notes the resignation of Ms Loren King as Company Secretary, effective immediately. Reported Earnings • Aug 31
First half 2023 earnings released: EPS: AU$0.017 (vs AU$0.026 in 1H 2022) First half 2023 results: EPS: AU$0.017 (down from AU$0.026 in 1H 2022). Revenue: AU$41.9m (down 27% from 1H 2022). Net income: AU$5.05m (down 30% from 1H 2022). Profit margin: 12% (in line with 1H 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: AU$0.036 (vs AU$0.029 in FY 2021) Full year 2022 results: EPS: AU$0.036 (up from AU$0.029 in FY 2021). Revenue: AU$116.7m (up 35% from FY 2021). Net income: AU$10.3m (up 27% from FY 2021). Profit margin: 8.8% (down from 9.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released Full year 2022 results: Revenue: AU$116.7m (up 35% from FY 2021). Net income: AU$10.3m (up 27% from FY 2021). Profit margin: 8.8% (down from 9.4% in FY 2021). The decrease in margin was driven by higher expenses. Recent Insider Transactions Derivative • Jan 04
MD & Executive Director exercised options to buy AU$1.1m worth of stock. On the 3rd of January, Yiting Chen exercised options to buy 3m shares at a strike price of around AU$0.40, costing a total of AU$1.1m. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. Since March 2022, Yiting's direct individual holding has increased from 23.09m shares to 33.80m. Company insiders have collectively bought AU$2.0m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Dec 20
MD & Executive Director exercised options to buy AU$240k worth of stock. On the 19th of December, Yiting Chen exercised options to buy 600k shares at a strike price of around AU$0.40, costing a total of AU$237k. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. Since December 2021, Yiting's direct individual holding has increased from 23.09m shares to 33.20m. Company insiders have collectively bought AU$440k more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Nov 30
Price target increased to AU$1.06 Up from AU$0.98, the current price target is provided by 1 analyst. New target price is 175% above last closing price of AU$0.39. Stock is down 10% over the past year. The company is forecast to post earnings per share of AU$0.032 for next year compared to AU$0.029 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Company Secretary & Independent Non-Executive Director Shannon Coates was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 16
Vmoto Limited Announces Executive Changes Vmoto Limited announced the appointment of Mr. Erchuan (Martin) Zhou as Non-Executive Director, effective immediately. Mr. Zhou is an experienced motorcycle industry executive with over 36 years' experience in roles with national and international companies in China and Japan. Mr. Zhou's experience includes an instrumental role in Honda Japan's strategic acquisition and cooperation with China's Sundiro Group (Sundiro) in 2001 where he directly participated in the negotiation of agreements, staff restructuring and technical advice regarding motorcycle models. In addition, Mr. Zhou has also been responsible for introducing and facilitating technical and product development cooperation agreements between Sundiro and a number of Japanese and Chinese motorcycle companies. Mr. Zhou is a substantial shareholder in the Company. The Company also advised that Mr. Kaijian (Jacky) Chen has resigned as Non-Executive Director, effective immediately. The Company advises that Mrs. Loren King has been appointed as Company Secretary, effective 30 September 2022. Mrs. King replaces Ms Shannon Coates and Mr. James Doyle who resign as Joint Company Secretaries, effective 30 September 2022. Ms Coates continues in her position as Non-Executive Director of the Company. Mrs. King has over 16 years' experience in company secretarial and non-executive director functions, assisting a number of ASX listed companies across a range of sectors with company listings, corporate affairs, governance, ASIC and ASX regulatory requirements. She has also worked in finance roles with both ASX listed companies and corporate advisory firms where she specialised in financial reporting and management, initial public offerings (IPO), backdoor listings, private capital raising and business development. She has a Bachelor of Science in Psychology, a Graduate Diploma of Applied Corporate Governance and is a BIA Accredited Bookkeeper. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: AU$0.026 (vs AU$0.014 in 1H 2021) First half 2022 results: EPS: AU$0.026 (up from AU$0.014 in 1H 2021). Revenue: AU$57.6m (up 46% from 1H 2021). Net income: AU$7.17m (up 76% from 1H 2021). Profit margin: 12% (up from 10% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 1,516% growth forecast for the Auto industry in Australia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Aug 31
Vmoto Limited Provides Earnings Guidance for the Fiscal Year of 2022 Vmoto Limited provided earnings guidance for the fiscal year of 2022. For the year, the company expected that it will be able to continue delivering strong sales and revenue growth for the remainder of FY22 and beyond. Price Target Changed • Apr 27
Price target decreased to AU$0.89 Down from AU$0.98, the current price target is provided by 1 analyst. New target price is 125% above last closing price of AU$0.40. Stock is down 13% over the past year. The company is forecast to post earnings per share of AU$0.03 for next year compared to AU$0.029 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Company Secretary & Independent Non-Executive Director Shannon Coates was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 04
Vmoto Limited Appoints Graziano Milone Chief Marketing Officer / President of Strategy and Business Development Vmoto Limited appointed Mr. Graziano Milone, partner of Vmoto's joint venture in its Italian distribution company, Vmoto Soco Italy srl (VSI), as the Company's Chief Marketing Officer /President of Strategy and Business Development. Milone is an experienced entrepreneur with a proven history of success in numerous sectors, including the distribution of motorcycles. Milone has successfully developed and increased sales for a number of renowned international trading and manufacturing groups in Italy and Europe. Major Estimate Revision • Mar 06
Consensus EPS estimates increase by 30% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from AU$105.1m to AU$109.5m. EPS estimate increased from AU$0.03 to AU$0.04 per share. Net income forecast to grow 25% next year vs 19% growth forecast for Auto industry in Australia. Consensus price target up from AU$0.98 to AU$1.07. Share price rose 6.7% to AU$0.40 over the past week. Major Estimate Revision • Mar 06
Consensus EPS estimates increase by 30% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from AU$105.1m to AU$109.5m. EPS estimate increased from AU$0.03 to AU$0.04 per share. Net income forecast to grow 25% next year vs 19% growth forecast for Auto industry in Australia. Consensus price target up from AU$0.98 to AU$1.07. Share price rose 6.7% to AU$0.40 over the past week. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: AU$86.2m (up 41% from FY 2020). Net income: AU$8.08m (up 116% from FY 2020). Profit margin: 9.4% (up from 6.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 27%, compared to a 7,083% growth forecast for the industry in Australia. Price Target Changed • Mar 01
Price target increased to AU$1.07 Up from AU$0.98, the current price target is an average from 2 analysts. New target price is 174% above last closing price of AU$0.39. Stock is down 15% over the past year. Announcement • Jan 31
Vmoto Limited Provides Sales Guidance for the Fiscal Year 2022 Vmoto Limited provided sales guidance for the fiscal year 2022. For the year, the Company expects sales to continue to increase with repeat orders from its existing and additional orders from new international customers in fiscal year 2022 and beyond. Announcement • Jan 12
Vmoto Limited Provides Earnings Guidance for the Fiscal Year 2021 Vmoto Limited provides earnings guidance for the fiscal year 2021. The company expects to achieve net profit after tax of between $7.5 million and $7.8 million for fiscal year 2021. Price Target Changed • Sep 01
Price target increased to AU$1.04 Up from AU$0.96, the current price target is provided by 1 analyst. New target price is 174% above last closing price of AU$0.38. Stock is down 37% over the past year. Reported Earnings • Apr 05
Full year 2020 earnings released: EPS AU$0.015 (vs AU$0.006 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: AU$61.0m (up 34% from FY 2019). Net income: AU$3.74m (up 173% from FY 2019). Profit margin: 6.1% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 100% per year, which means it is significantly lagging earnings growth. Announcement • Mar 15
Vmoto Limited Signs Memorandum of Understanding with Bird Group Vmoto Limited advised that it has signed a Memorandum of Understanding (MOU) with Bird Group (Bird) with the intent of granting Bird an Exclusive Distribution Agreement (EDA) in India, for the Company's CUX and CUmini range of two-wheel EV products. Bird Group's assessment of the Indian market determined the CUX and CUmini range of two-wheel EV products to be an ideal offering and perfectly aligned to serve India's growing demand for clean and sustainability mobility. The EDA remains subject to Bird Group's satisfactory evaluation of the CUX and CUmini, but if executed, requires Bird Group to order a minimum of 10,000 units in the first year of operation (commencing on the date of signing the EDA), which would represent a total sales value of approximately AUD 13.8 million. Announcement • Mar 05
Vmoto Limited, Annual General Meeting, May 13, 2021 Vmoto Limited, Annual General Meeting, May 13, 2021. Announcement • Feb 26
Vmoto Limited's EV Product Offering Expands with 3 New B2C Models Vmoto Limited announced that it has expanded its B2C product offering with the launch of three new B2C electric two-wheel vehicle models, the new TS model, the new TC model and a CUmini model, all of which were unveiled at the recent 2021 Vmoto Soco World Première. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: AU$61.0m (up 34% from FY 2019). Net income: AU$3.75m (up 174% from FY 2019). Profit margin: 6.1% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 24
New 90-day high: AU$0.53 The company is up 2.0% from its price of AU$0.52 on 26 October 2020. The Australian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 52% over the same period. Announcement • Jan 14
Vmoto Limited Secures Aud 13 Million B2b Order Vmoto Limited announced that it has secured an order of 5,904 units from its strategic B2B customer, Greenmo Group, representing approximately AUD 13 million in revenue for the Company, as Greenmo continues to expand its operations across Europe. Greenmo Group is currently rolling out its ride-sharing platform and rental delivery business across the Netherlands, Turkey, Belgium, Germany and Austria and its ride-sharing subsidiary, Go Sharing, continues to gain traction as it expands globally. Vmoto is immediately commencing manufacture of the electric scooters to fill the order and expects to deliver all 5,904 units in 1Q21. Recent Insider Transactions Derivative • Dec 23
MD & Executive Director exercised options to buy AU$480k worth of stock. On the 22nd of December, Yiting Chen exercised options to buy 1.20m shares at a strike price of around AU$0.41, costing a total of AU$486k. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. Since December 2019, Yiting's direct individual holding has increased from 21.11m shares to 21.29m. Company insiders have collectively bought AU$689k more than they sold, via options and on-market transactions, in the last 12 months. Is New 90 Day High Low • Dec 09
New 90-day low: AU$0.41 The company is down 26% from its price of AU$0.55 on 10 September 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 36% over the same period. Announcement • Dec 03
Vmoto Limited Secures Further Orders from GO Sharing Vmoto Limited announced that it has secured a further order of 300 units from its strategic ride-share customer, GO Sharing, as it continues to scale its operations in the Netherlands and as it enters the Turkish market through a joint venture with a local ride-share company introduced by Vmoto. As announced on 28 January 2020, the Company secured an order of 2,000 units for Vmoto's ride-sharing products from GO Sharing, based in the Netherlands, all of which were delivered in first half of 2020. Subsequently, Vmoto secured a further order of 2,000 units, of which 1,500 units have been delivered as at the date of this announcement and the remaining 500 units are expected to be delivered in December 2020. With the additional order of the above mentioned 300 units, Vmoto has secured orders for 4,300 units from GO Sharing alone in 2020. Announcement • Nov 05
Vmoto Limited Announces Board Changes Vmoto Limited announced that Non-Executive Chairman, Phillip Campbell, has informed the Board that he will step down as Chairman and Non-Executive Director, effective 4 November 2020. The company fortunate in securing the services of Mr. Blair Sergeant to fill that role. He will join the Board on November 4, 2020. Mr. Sergeant is an experienced pubic company executive, with a long history with Vmoto, having been responsible, as the then Managing Director, for the acquisition of Vmoto in mid 2006, resulting in its effective reverse takeover of what was previously known as Optima Corporation Limited. Furthermore, as Managing Director of Vmoto Limited, Mr. Sergeant was responsible for the acquisition of Freedomotor Ltd. in early 2007, and then as an Executive Director, was instrumental in the commitment to build Stage 1 of Vmoto's Nanjing Manufacturing Facility. Is New 90 Day High Low • Nov 02
New 90-day low: AU$0.43 The company is down 15% from its price of AU$0.51 on 04 August 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 18% over the same period.