Ann: Veris 1H FY18 Results & Investor Conference Call, page-6

  1. 1,281 Posts.
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    I think it's looking quite strong. Revenue for 7 months is equivalent to the market cap which is quite low given annual revenue. A lot of amortisation, depreciation, acquisition and restructuring costs. Some of these won't be recurring items, eg acquisition/restructuring. It appears to me that we are on track for $100,000+ million revenue for the full year given the substantial significant contracts (see December announcements) now underway. I would nevertheless like to see a quick turnaround to a net profit position given the promise of much higher margins in the surveying sector as opposed to the OTOC infrastructure division of the past. Synergies of operations once acquisitions are fully integrated should mean substantial savings in expenses on all counts. It is reasonable to expect in the future a $10 million net profit given the board promises of the past including those things mentioned ie higher margins, synergies, national brand increasing revenue, Eastern boom, contracts won. The board has to deliver given the past share price in the high 30s range.
 
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