Australia's largest stock trading and investment forum Australia's #1 stock forum

VRS

Click for more information

0.00%

4.8¢ veris limited

Ann: Veris Secures New Residential Community Works - Victoria, page-10

First 10 Last

Share
Profile

Follow
stretchercase

171 Posts.

31

30/08/20

23:07

Post #: 46936394
Share

Originally posted by precis: ↑

Announcement should be today. Prepare to be disappointed. Adding the quarterlies gives $103 million revenue, EBITDA $3.7 million for a net loss probably of a similar amount. Lots of write offs. More shareholder value destroyed.
We've been told we've had improved margins for 3 years. Of course it will all be covid's fault, and nothing to do with a Board that has smashed the share price all by itself. This was once 37c a share and with revenue in excess of $100 million p/a in many of the intervening years, one wonders why the Board wasn't changed last year. They still haven't got the margins right. I'm sure they'll show glossy charts of the first half margins then the March quarter...but we were told the margins were to be 16-17% for many years prior to this. Not one of the quarters will approach this. Quarter on quarter comparisons with 2019 is not a basis for comparison. Nor is comparison of this year's 4 quarters showing the impact of covid in Q3. 16-17% is the benchmark for comparison and in every quarter the Board will fail again.

Expand

Always worries me when companies wait until the last day of reporting season to publish their accounts, anyway, tomorrow will tell the story.

VRS Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

DRO

Droneshield shares move up on $13.5M US govt contract

EXR

Elixir winds up QLD operations with five of six zones flowing gas; future production locked in

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

AKO

Madagascar mining minister expresses support for Akora's Bekisopa iron ore project

There are more pages in this discussion • 2 more messages in this thread...

First 10 Last

Add VRS (ASX) to my watchlist

(20min delay)
Last 4.8¢		Change 0.000(0.00%)		Mkt cap ! $24.44M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	500000	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	122514	1

View Market Depth

No.	Vol.	Price($)
1	500000	0.045
2	227224	0.044
1	4768	0.042
1	50000	0.041
2	282320	0.040

Price($)	Vol.	No.
0.048	122514	1
0.049	165711	1
0.050	100000	1
0.055	150000	1
0.057	40000	1

Last trade - 10.09am 08/10/2024 (20 minute delay)

VRS (ASX) Chart

Day chart unavailable