Precis,
In answer to your query, I do not see any improving trends in the economy at the moment.
In the Dec'19 qtr accounts from the ABS, I note that;
1.) "The seasonally adjusted estimate for total new capital expenditure fell by -2.8% in the December quarter 2019. This follows a fall of -0.4% in the September quarter 2019."
2.) "The trend volume estimate for buildings and structures fell by -1.7% in the December quarter 2019. This follows a fall of -1.9% in the September quarter 2019."
3.) "The seasonally adjusted estimate for buildings and structures fell by -5.9% in the December quarter 2019. This follows a rise of 2.5% in the September quarter 2019."
The impact of the the drought, bushfires and now the coronavirus will all add up to the the Federal Government going into a defict this FY NOT a surplus as predicted. This I feel, will impact / delay the timing of various federal / state infrastructure projects. IMHO the headwinds facing Veris over the next 6-12 months are significant.
In such market conditions, Veris (particularly in the surveying industry) will have to become price takers not price setters and margins will continue to suffer. I do not think that another 0.5% decrease in the RBA rate (probably coming tomorrow 3rd March???) will reverse the downturn in building and infrastructure spending / approvals.
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Precis, In answer to your query, I do not see any improving...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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2 | 600000 | 4.7¢ |
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Price($) | Vol. | No. |
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5.0¢ | 1592344 | 2 |
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No. | Vol. | Price($) |
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1 | 100000 | 0.046 |
2 | 442827 | 0.045 |
1 | 100000 | 0.040 |
1 | 19680 | 0.030 |
Price($) | Vol. | No. |
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0.050 | 1592344 | 2 |
0.051 | 76000 | 1 |
0.052 | 50000 | 1 |
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