VMX 0.00% 41.3¢ valmec limited

Ann: VALMEC ORDER BOOK BOLSTERED BY $23 MILLION OF NEW WORKS, page-43

  1. 2,359 Posts.
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    I wonder what happened to the contracts this announcement claimed were expected before 30 JUNE?

    "The Group’s current order book totalling circa $65 million remains robust, with a number of larger
    upstream energy and infrastructure projects also expected to be committed before 30 June 2020."

    We have a turnover over $100 million and an EBITDA around $10 million, yet the market capitalisation is $20 million.

    I know the Directors may think they just need to run the business and not worry about the share price, but it is time they told shareholders what is going on.

    Either the share price is ridiculous or the company is in trouble. I do not think we should have to wait until the annual accounts at the end of August to find out which it is.
    Last edited by edshann: 14/07/20
 
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