Spot on Mikalee.
Their utilisation is very poor.
In surveying (in fact on most professional services businesses) , a fee earner needs to be generating atleast 3x their salary in fees (ie salary $150k, fees billed $450k).
In my reckoning, VA is ~ $175k, which is < 2x salary in their structure. Recipe for disaster, which is what we have.
I know the board and senior management are aware of this, but they dont 'get' it. To address, its simply 'too hard'.
The two levers are - more work, or less heads.
No appetite here for the hard decisions . Board and management prefer 'harmony', to fundamental change.
Outcome - business goes down the toilet.
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VRS
veris limited
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4.84%
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6.5¢

Spot on Mikalee.Their utilisation is very poor.In surveying (in...
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Last
6.5¢ |
Change
0.003(4.84%) |
Mkt cap ! $33.65M |
Open | High | Low | Value | Volume |
6.3¢ | 6.5¢ | 6.3¢ | $6.521K | 101.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 48387 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 22624 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48387 | 0.062 |
3 | 1050563 | 0.061 |
1 | 33084 | 0.060 |
1 | 200000 | 0.059 |
1 | 36448 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 22624 | 1 |
0.066 | 47460 | 1 |
0.069 | 20000 | 1 |
0.070 | 78118 | 1 |
0.073 | 13561 | 1 |
Last trade - 14.10pm 01/08/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ron Miller, Non-Executive Director
Ron Miller
Non-Executive Director
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