VRS 11.1% 5.0¢ veris limited

I finally bought in today at 9.3c, page-8

  1. 671 Posts.
    lightbulb Created with Sketch. 62
    A company can have free cash flow and pay a dividend even if their NPAT is negative. This typically applies to companies with high levels of depreciation, amortisation or write down downs on new assets/goodwill.

    In Veris's case, I'd imagine that their acquisition spree and closure of the OTOC business line has lead to sizeable write downs. This means they probably have/had the cash flow to pay the dividends.
 
watchlist Created with Sketch. Add VRS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.