As expected, fantastic results by Veem.
On track for EBITDA of $14m and $7m NPAT.
Strong increase in the interim dividend as well.
In reality the business is strong, with great opportunities across every division
- Gyro sales on hand look good too and the commentary about market interest was interesting. I think margins are improving significantly here too with the Strategic Marine being the anchor order that we need to make this division humm!
- Propulsion continues to be strong, but will really dominate once the Sharrow by Veem sales kick in
- Engineering just keeps ticking away with Hollow Bar growth
- Defence is a solid performer and the opportunities in front of Veem are only getting bigger!
My main concern is still a takeover if the founders are looking for an exit for their holding.
As expected, fantastic results by Veem. On track for EBITDA of...
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Last
$1.75 |
Change
0.000(0.00%) |
Mkt cap ! $237.5M | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.79 | $1.74 | $153.4K | 87.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15656 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 27151 | 2 |
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| Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
| VEE (ASX) Chart |