VBC 3.57% 13.5¢ verbrec limited

Ann: 2014 Half Year Results and Appendix 4D , page-8

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  1. 3,244 Posts.
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    Hi Paoloh
    Must agree with all that this is not a glowing report, but the company has been telling the market for some time to expect this.So far i am happy they have indicated the path forwards is greater exposure to hydrocarbons and will continue to pick up mining work although in a hard more competitive field.This will become less competitive as the likes of forge etc fall by the wayside.There were no surprises in this ANN so i think the trip from $2 plus Has as you put it been baked into the SP and even with the reduced divy it still pays better than some of the big mining companies.
    Good luck
    Zubric
 
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