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Ann: VALMEC MARKET UPDATE, page-11

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bourkie123

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16/07/20

13:07

Post #: 45908627
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Originally posted by spider5: ↑

EBITDA estimated at $5.7m that is $900,000 up on last years EBITDA. IMO any company which can increase their EBITDA in this sort of financial climate has done a good job. We cannot dissect the financials until we get the final FY20 accounts but it certainly does not add up to a gloomy future for them despite the downturn in the oil and gas sector as well. I am comfortable with this announcement. Good to see a comment that the John Holland claim is still alive and in progress.

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My understanding is that VMX half year EBITDA was $5.7m - meaning that they actually made a loss in last 6 months of the year??

VMX Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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Ann: VALMEC MARKET UPDATE, page-11

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