VRS 10.6% 4.2¢ veris limited

Ann: Veris Enters Agreement with Telstra to Sell Aqura for $30m, page-5

  1. 1,182 Posts.
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    Yes Aqura was profitable but not by a lot. How many years would it have taken to get $30 million profit from it? At current rate it would be over 20 years. Now the balance sheet for Veris will be a lot healthier. No debt for starters. It is now up to the Board to run Veris Australia profitably and not squander the cash doing stupid things. I don't have much faith in them.
    The S.P will depend on the half yearly. Another net loss and we'll get heavily dumped and without Aqura the whole company will look very sick. The Board has to turn this around or take a hike. They've had their time.
 
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