VBC 0.00% 14.5¢ verbrec limited

Ann: 2014 Half Year Results and Appendix 4D , page-7

  1. 59 Posts.
    lightbulb Created with Sketch. 10
    Sorry Paoloh, I was referring to the November AGM, where the management indicated that they will reach over FY13's EBITDA numbers.

    Agree that the communication on Feb 3 and the results match. The key question is why was only the 3M EBITDA disclosed and not the dismal EPS... I guess that's what my issue is, LCM stopped being transparent.

    Market seems to agree, just saw 92c.

    Unluckily value of this one shifted to 60-70c, so that's where I'll consider picking up some more. Until then trust in LCM's management will be treated with a discount rather than a premium.
 
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