Well the company is repositioning itself very nicely. Surveying was up 30% from 2016 to 2017 reaching $66 million. It is set to go above $90 million FY2018, a further increase of around 35%. I like it that they are targeting an EBITDA of 15-17% for FY2018 and if this is achieved the share price will go into the 30s. Even $100 million revenue and $10 million EBITDA should see that happen. They are certainly on an aggressive growth path, currently tracking at annualised revenue of $125 million, and aiming for 270 -330 million. There is a continued focus on EBITDA of 15-17% through integration and growth strategies. The annual report is just around the corner, usually coming out in August with the dividend to follow shortly after. Like you Nippa, I can't help thinking this share is a really good medium term growth stock that is currently undervalued. The more so given that of the $68 million they have spent on acquisitions, $47 million was in cash, showing just how profitable the company really is.
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VRS
veris limited
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7.69%
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5.6¢

Well the company is repositioning itself very nicely. Surveying...
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Last
5.6¢ |
Change
0.004(7.69%) |
Mkt cap ! $29.22M |
Open | High | Low | Value | Volume |
5.6¢ | 5.8¢ | 5.6¢ | $8.1K | 144.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 51380 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.055 |
1 | 50000 | 0.054 |
2 | 212000 | 0.050 |
3 | 246899 | 0.049 |
1 | 62144 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 51380 | 1 |
0.059 | 300000 | 1 |
0.060 | 351083 | 5 |
0.061 | 86380 | 1 |
0.062 | 100000 | 1 |
Last trade - 15.02pm 25/06/2025 (20 minute delay) ? |
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VRS (ASX) Chart |