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Vmoto hits back at dissident group

Struggling Perth-based scooter retailer Vmoto has told its shareholders that business is operating as usual and urged them to disregard a letter rallying stockholders against its board of directors.

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Perth
Hi Dan, My name is Bill Ali , I am a major shareholder and more importantly co founder of the Vmoto brand. I need to correct the description of Vmoto for future reference. Vmoto is not a scooter retailer, it is a scooter/ motorcycle /off road vehicle manufacturer founded and based in Perth with it's wholly owned factory located in China. Vmoto is Australias only full volume motorcycle manufacturer and thus the only Australian full volume motorvehicle manufacturer that has been able to obtain a manufacturuing licence , procure land and build it's own factory in China. Which is a huge acheivement. Vmoto was the pioneer of the introduction of Chinese, ADR approved, road licensed motor vehicles in Australia ahead of the likes of even giant Chinese brands like Great Wall and Chery by more than a decade. As far back as 8 years ago our Vmoto Milan scooter was the bigges selling motorcycle in Austarlia! As with any fledgling company that has broken new ground and pushed the edge of the envelope Vmoto has faced huge challenges in doing what no Australian company has done before. The Vmoto story is a great Aussie success story and would be a great subject for Business News to cover. If you would like to follow up you can contact me on 0414945925. Cheers Bill

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Vmoto (VMT)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/18

1 year TSR5 year TSR
140thResource Development Group65%-7%
159thDigitalX56%5%
568thVmoto-21%-26%
572ndAtlas Pearls and Perfumes-21%-16%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

17/09/18
$20k Bought
11/09/18
$35k Bought
29/06/18
$43k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

77th↓Resource Development Group$16.0m
78th↓Vmoto$15.9m
80th↓Atlas Pearls and Perfumes$14.7m
81st↓DigitalX$13.4m
237 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Vmoto

449thCharles Chen$269k
719thIvan Teo$152k
1239thKaijian Chen$40k
Ranked by total remuneration from all listed WA companies

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