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What a dog of a stock market correct in leaving in droves get...

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08/03/17

20:53

Post #: 23198264
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Originally posted by precis ↑

In January OTOC was awarded a $4.8 mil construction contract at Pilbara. Remember this is the first stage of development so perhaps more will follow. Then we have the acquisitions. Many successful companies don't just run interstate branches as if they are extensions of the headquarters, but rather have a decentralisation policy yet remain true to the head office core values. Such a policy allows the current experts from the acquired companies to continue their successful operation (and contribution to VRS via performance targets) that should see a national decentralised integrated survey business operating successful. Australia's current growth and on going demand both domestic housing etc, and expanding commercial needs gives me no cause for alarm. They still turned over $55 mil with surveying contributing almost $30 mil. Given acquisition costs and all that goes with that such as due diligence, cost of acquisition, integration costs etc, and that surveying is expected to increase further in 2H 2017, it's my view the market has overreacted on the downside.

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What a dog of a stock market correct in leaving in droves get out before you loose more.

VRS Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 5.2¢		Change 0.001(1.96%)		Mkt cap ! $26.52M

Open	High	Low	Value	Volume
5.2¢	5.2¢	5.2¢	$3.38K	65K

Buyers (Bids)

No.	Vol.	Price($)
1	19375	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	39999	1

View Market Depth

No.	Vol.	Price($)
1	19375	0.051
3	228626	0.050
1	24406	0.049
1	75000	0.045
1	500000	0.040

Price($)	Vol.	No.
0.058	39999	1
0.060	4307	1
0.065	115000	2
0.067	100000	1
0.068	310000	2

Last trade - 15.12pm 17/05/2024 (20 minute delay)

VRS (ASX) Chart