VRS

2.27%

4.3¢ veris limited

Ann: Veris Secures Landmark Digital Twin Victoria Partnership, page-21

First 21 Last

Share
Profile

Follow
stonkholder

545 Posts.

41

30/07/24

15:27

Post #: 74984467
Share

Originally posted by precis: ↑

Firstly there's another thread about the buyback. Posters have raised the buyback which appears to have stalled even at the current price. The thing worth noting is that the company hasn't released a progress announcement since the 20th of June so we either haven't been buying back or the company doesn't feel like informing shareholders. Either way it's a pretty poor display of how shareholders are being treated so I share the posters' concern.
Then there is the absolutely terrible share price. This is giving me real cause for concern. If a company has over $200 million of work in the pipeline, and has $17 million in the bank and an MC of $23 million you really have to ask if something is going horribly wrong behind the scenes. The first half profit was miniscule and we've been told for years as others have posted, that we are improving margins. Well that hasn't worked so far so I wonder if we are about to announce a loss for the half and a FY loss to boot. This raises the issue of the competency of the Board and Management. if they can't make a substantial profit from $100 million revenue then they are failing to deliver for shareholders. Repetition of last years dividend isn't going to pacify shareholders given we were once 37c and we've had at least 7 years of rhetoric about the move to higher margin work as Stonkholder rightfully states.
So what is going wrong VRS????? And don't say all is fine...blah blah blah because a 4.7c share price is certainly not fine. Nor will the mere mention of a repeat dividend pacify shareholders when they deserve to be treated better. Treated better means better outcomes especially where the bottom line (net profit) is concerned, it means better communication to shareholders when by anyone's measure the current share price is unacceptable, and lastly but importantly, being transparent about where all the money is going when we have repeatedly been receiving $100 million p.a. revenue and the bottom line isn't worth mentioning. Even if something good is around the corner, the current treatment of shareholders is a major failing.

Expand

The fact they haven't released guidance probably points towards a bad result this year. Either another tiny profit or loss.

Management should consider delisting the business and bring it back when it can actually produce some decent net profit margins.

VRS Price at posting: 4.7¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

There are more pages in this discussion • 1 more message in this thread...

First 21 Last

Add VRS (ASX) to my watchlist

(20min delay)
Last 4.3¢		Change -0.001(2.27%)		Mkt cap ! $21.89M

Open	High	Low	Value	Volume
4.3¢	4.3¢	4.3¢	$2.338K	54.37K

Buyers (Bids)

No.	Vol.	Price($)
2	151217	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	105922	2

View Market Depth

No.	Vol.	Price($)
2	151217	0.041
1	200000	0.040
1	137500	0.038
1	19680	0.030
1	100000	0.028

Price($)	Vol.	No.
0.050	105922	2
0.055	150000	1
0.062	100000	1
0.063	100368	1
0.075	50000	1

Last trade - 10.18am 01/11/2024 (20 minute delay)

VRS (ASX) Chart

Ann: Veris Secures Landmark Digital Twin Victoria Partnership, page-21

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Veris Secures Landmark Digital Twin Victoria Partnership, page-21

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News