Thanks for the feedback. I interpret it as gain through sale of plant and equipment. They’re not a retailer so guessing this would be a one-time thing and hence skew the results. Happy to be wrong. I presume that someone in Veris must (or should) monitor the commentary – maybe they could clarify?
Yep appreciate trends change with product/project mix, but we’ve not seen any evidence of change. They have signaled targeting higher margin projects for some time, but still yet to see anything material. Indeed, last few project announcements have all been Aqura based.
To carry on your driving analogy…. if the driver(s) keep giving inaccurate directions and fail to service the engine to ensure the car is sound, then all we can do is hope the car doesn’t break down, look out the rear view mirror, and see the investment and value being left behind.
VRS Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)