Buy up opposition survey companies at high P/E, surveyors & professional staff leave unless salaries are pushed up to retain key staff. They then buy surveying kit, use their contacts and knock off the acquirer on contracts due to lower overheads and build their business up.
understanding the industry, I think this particular segment of the construction industry favours independent non corporates that are nimble and not saddled up with corporate overheads. Only thing that will save Veris for the next few years is massive tailwinds - if they haven’t locked up all their capacity on competitive low margin contracts that drain their resources.
Not many engineering companies would want to buy them out - would limit their competitiveness with other construction companies and a low risk service that is relatively easy to contract out.
DYOR, good luck to holders and hope the tailwinds get you a reasonable return.
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Mkt cap ! $23.94M |
Open | High | Low | Value | Volume |
4.8¢ | 4.9¢ | 4.7¢ | $13.86K | 286.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 165000 | 4.8¢ |
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Price($) | Vol. | No. |
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5.0¢ | 78971 | 1 |
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No. | Vol. | Price($) |
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1 | 165000 | 0.048 |
1 | 439834 | 0.047 |
2 | 86750 | 0.046 |
2 | 70000 | 0.045 |
1 | 70000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 54954 | 1 |
0.054 | 29183 | 1 |
0.055 | 7000 | 1 |
0.058 | 100000 | 1 |
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