VRS is weighed down with too much debt for its level of profitability. Unlike VAH VRS is weighed down with poor management.
A restructure is in order and I believe an unofficial one has been in place which is why profitable Elton Consulting was disposed - as part of the secured lenders refinancing terms to reduce its exposure.
Most contstruction contracts which VRS would have with all the Tier 1 builders will also have termination clauses if the company is put into voluntary Administration or worse.
VRS big hope would be job seeker if they can qualify - it will reduce their wages bill by about 25% for 6 months but knowings its management will use that to further lower hourly rates!
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VRS
veris limited
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6.6¢

Elton consulting, page-3
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Last
6.6¢ |
Change
0.005(8.20%) |
Mkt cap ! $34.17M |
Open | High | Low | Value | Volume |
6.3¢ | 6.6¢ | 6.3¢ | $19.06K | 293.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 319098 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 65000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 319098 | 0.066 |
1 | 17000 | 0.065 |
1 | 23888 | 0.063 |
1 | 150563 | 0.061 |
2 | 409000 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 65000 | 1 |
0.073 | 13561 | 1 |
0.074 | 75000 | 1 |
0.079 | 30000 | 1 |
0.100 | 50000 | 1 |
Last trade - 15.25pm 25/07/2025 (20 minute delay) ? |
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