VRS 2.13% 4.8¢ veris limited

Seeing the upside, page-11

  1. 1,162 Posts.
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    I admire your acceptance of the Company Investor50. However being a realist, I'll come around to the same opinion once the company starts to show a net profit of at least $5 million which only represents 5% of turnover. As I've stated for years, we do $100 million of revenue for a net loss, and unless you've thrown money into the SPP you've been continually diluted. I've never criticised Brian Elton, but collectively the Board must accept that for the past 5 years at least, it has been failing to deliver as promised (i.e. 16-17% margin). The "success" you mention, in recent years at least, is still not delivering a profitable bottom line result, even to the most recent half. To ask shareholders to accept this in itself is unacceptable.
 
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