VMG 0.00% 0.1¢ vdm group limited

The buy sell stack is terrible, but that being said if this...

  1. 539 Posts.
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    The buy sell stack is terrible, but that being said if this wasn't the case i would enter today.
    The int cover notice wasn't all bad and in fact it had a silver lining.
    It said the "award of new contracts", this is good and there is about 170m on the books to keep them running along nicely.
    What we need is confirmed CEO (with strong construction background, forget mining this time), communicated realistic assessment and plan to move the company forward.
    Plenty of bad news has already been flushed out just prior to Perry moving on.
    With the lack of communication it's tough to pick, however that statement leads me to think that there will be an announcement for new work...well let's hope so.
    BTW, if i see one more pathetic excuse from VMG about the GFC impacting their business it will be war!
    The better companies used the GFC as an exercise to lean out the business and become more competitive. I did say the better companies....
    Mav
 
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