Pretty sure its EBITDA as the measure,as their sensitivity analysis is also based on EBITDA. So based on that they are tracking easily against it. Their balance sheet is actually pretty decent I think given they wrote off John Holland and have no risk on that but all upside. The contract asset is just WIP that will be converted to accounts receivables over time and looking back these guys haven't had any bad debt write off , so looks good on that front. Are you a holder Velo?
VMX Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
