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clock Created with Sketch. 09/09/22
11:32
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Originally posted by precis:
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I sort of think when you first go flatting you have a budget. Then when you buy your first home you have a budget and might even have to prove to a bank you can afford to buy the house. Then I think, hey even the government has a budget. So Veris went from $72 million revenue into the 90s. What happened to all that extra revenue...surely it wasn't already budgeted for? How come we only made such a low net profit (Aqura, aside)? In all the fancy stuff the Board puts out, do we have a budget? Should they go back to flatting 101. Dear Mr Board member, Pretend for a moment I'm your bank (isn't that what the shareholders are?) show me your budget...how do you price things so that we make a reasonable net profit, how are corporate costs contained within reasonable limits? Where is our guidance for FY 2023? What can we expect the bottom line to be? We keep hearing about revenue growth, and spatial data services, '' Trusted...Leading...smarter decision making", and so it goes...What I'd like to see is quarterly reports for the year, and in this first one for 2023 specific ways work has been priced more favourably, and costs contained within limits and a budget. Mr Board member, pray tell what NPAT appears in your guidance budget?. And finally, what repayments have you built into your calculations for your bank come end of year?
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Precis, I dont believe Veris is required to provide Quarterly Reports. Also, some of the information that your are asking Veris to publish, I would not want to see in the public domain for competitors to see. I attended the recent online Veris company update on 29 August and I find those events really useful to ask questions and get answers.
