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2.08%

4.9¢ veris limited

Ann: FY23 Unaudited Financial Guidance, page-7

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Dreamteam1

51 Posts.

40

09/08/23

18:19

Post #: 69253594
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Originally posted by precis: ↑

That's an incredibly disappointing result. We did over $100 million revenue and can't budget to make a reasonable profit ($5 million minimum) for shareholders on that amount of completed work. The company obviously doesn't set targets to ensure shareholders start to get a return after years of waiting. The excuses offered such as catch up of leave after covid, and seasonal preference for leave simply shows a lack of forward planning. My father used to say 'excuses are for losers, son'. The Board needs to come out and say how it is going to substantially turn the bottom line around with steps it will implement to do this, so that shareholders get a sniff of reward for hanging in over the last 4 to 5 years. The six month profit is $0.3 million which is a backward step from the $0.8 million of the first half. I feel gutted again.

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no surprises here precis, surely?
these people are gormless idiots, in case you havent noticed.
no reputations at the board or senior executive team left to shred, they all went long ago.
if it wasn't a tight ownership boys club, everyone should have been shown the door.
i know most of these people and i'm embarrassed for them.
incompetence at another level.
only winners here are those on the big salaries and directors fees.

VRS Price at posting: 8.0¢ Sentiment: None Disclosure: Held
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Last 4.9¢		Change 0.001(2.08%)		Mkt cap ! $24.45M

Open	High	Low	Value	Volume
4.8¢	4.9¢	4.8¢	$4.85K	100K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	4.9¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	122291	2

View Market Depth

No.	Vol.	Price($)
1	50000	0.049
2	132190	0.048
1	444444	0.047
2	86750	0.046
2	70000	0.045

Price($)	Vol.	No.
0.053	122291	2
0.054	29183	1
0.055	7000	1
0.058	100000	1
0.059	200000	1

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