Veem (ASX:VEE) Stock Note:
24th June 2024 | Share Price $1.67
VEE has provided forward guidance that they expect 2HFY24 revenue, earnings, and profits to be inline with 1HFY24 of $38m, $7m, and $3.5m respectively. This is inline with market consensus that revenue and profits for FY24 will be $74.8 and $6.4m respectively. As such, and VEE trading on a current PE of 55 and forward estimates having a PE of 38. The market has priced in future earnings to VEE’s current share price and any pull-back to or below $1.50, is a price I’m happy to buy more shares at.
