It’s not quite that bad as that as ... VRS has sucked profits/dividends out of the business ($4.3M) and a good chunk of the purchase was from issued shares ($7M worth). And they’re actually getting $13.9M for it ($13M + $900K div). So on that basis they’ve made a modest return.
But agree, that It’d have been better to get rid of the non-core business.
Unfortunatley it may be hard to remove Lamond as a director since he holds ~12% of stock. He should remove himself as a executive tho and step back to a non-exec director role. Ditto for Brian too now Elton has been sold. Together that would save ~$700Kpa.
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.69M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 148800 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 300000 | 1 |
View Market Depth
| Last trade - 16.21pm 27/06/2025 (20 minute delay) ? |
| VRS (ASX) Chart |
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