VIP – VIP Gloves | Aussie Stock Forums


Saw this stock moving today, so decided to take a look at the financials that were released today and it looks like some solid numbers.

They produce a range of nitrile gloves which, given the current pandemic, is likely to be a product subject to increasing demand.

VIP300421.png

Quarterly results: $17.18 million revenue and $5.8 million net profit. Market cap is only $40 million. 31% quarter on quarter revenue increase and 19% quarter on quarter average selling price increase. Dividend of 0.018c per share.

Based on the current financials, this looks undervalued to me.

 



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