VRS veris limited

8.20%

6.6¢

I agree and bought more after the modest Director buying. I...

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SimonGr

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02/11/18

06:48

Post #: 36361075
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Originally posted by precis ↑

Directors are buying on market. The combined costs of the acquisitions alone are far more than the current market cap. Revenue is tracking at $140 million, and the aim is for 16-17% margin so that will be around $18 mil for the next 9 months. We were 25c with $100mil revenue for last year and net of about zero. A quarter operating at the 16-17% targeted margin, and a net profit and we should return to those levels. Everyone knows you can't charge out a surveyor at $85 and be making a profit...but the big contracts are coming on stream, so that will self-correct. They've grown revenue, have done the integration process, say they have corrected the working model. To dot the Is and cross the Ts just need a nice EBITDA and a net profit. Profit is the focus now, so that's what needs to be delivered.

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I agree and bought more after the modest Director buying. I think we’ll need an update on margin in Jan or the 1H results released to get back up there ... however some large Director buying in the next few days could do the trick to get us half way there.

Updated sentiment post my purchase.

VRS Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.6¢		Change 0.005(8.20%)		Mkt cap ! $34.17M

Open	High	Low	Value	Volume
6.3¢	6.6¢	6.3¢	$19.06K	293.9K

Buyers (Bids)

No.	Vol.	Price($)
2	319098	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	65000	1

View Market Depth

No.	Vol.	Price($)
2	319098	0.066
1	17000	0.065
1	23888	0.063
1	150563	0.061
2	409000	0.060

Price($)	Vol.	No.
0.070	65000	1
0.073	13561	1
0.074	75000	1
0.079	30000	1
0.100	50000	1

Last trade - 15.25pm 25/07/2025 (20 minute delay)

VRS (ASX) Chart

I agree and bought more after the modest Director buying. I...

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I agree and bought more after the modest Director buying. I...

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