Elton consulting, page-3

  1. 132 Posts.
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    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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(20min delay)
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
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Last trade - 15.25pm 25/07/2025 (20 minute delay) ?
VRS (ASX) Chart
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