One could have contracted them to do the work if they are good, competent and have the expertise, but my conclusion from their website is they dont have ‘big runs on the board’ (or unwilling to publicise their successes .... unusual for any business) in terms of completed operational projects.
Is their expertise/experience that great and so sought after that ‘buying the company’ is the only way of securing their services?
I feel the optics is not good in buying a debt laden company for €1 from a key player on the board.
Why is it debt laden and to whom is it indebted?
VUL is now responsible for them whether they do their task well or otherwise.
If contractors and they dont perform, well they can be ‘let go’.... with much less risk.
Ann: Acquisition of world-leading geothermal team, page-69
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Last
$4.54 |
Change
-0.110(2.37%) |
Mkt cap ! $854.3M | |||
| Open | High | Low | Value | Volume |
| $4.68 | $4.81 | $4.51 | $2.401M | 515.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6000 | $4.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.56 | 1560 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| VUL (ASX) Chart |