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2.13%

4.6¢ veris limited

I suspect a combination of inabiltiy to improve margins and the...

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Doofas

58 Posts.

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24/06/19

10:29

Post #: 39202905
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Originally posted by SimonGr: ↑

Not sure how to read this. Seems from wording more likely a sacking than a resignation. For what?
- expensive executive and want to cut cost?
- finished back office consolidation? Now use a cheaper hire?
- going too slow with back office consolidation? Want someone to speed it up?
- was part of the problem with low quoting?
- resigned - but pissed people off ... hence the wording as payback?
- other?

IMO seems like only the last three are credible as surely they’d say so if it was one of the first two. Not saying this is an exhaustive list tho.

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I suspect a combination of inabiltiy to improve margins and the fallout from recent write downs. Seems pretty clear VRS paid too much for some of their aquisitions given what they are delivering and BM would have a lot of input into that. If profitability were on the improve, perhaps he may have survived. Instead VRS will spin the next reporting to show these write downs and ongoing margin issues as a legacy problem, with the company installing new leadership to rectify.

VRS Price at posting: 5.1¢ Sentiment: Sell Disclosure: Not Held
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2 Great analysis

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(20min delay)
Last 4.6¢		Change -0.001(2.13%)		Mkt cap ! $23.43M

Open	High	Low	Value	Volume
4.6¢	4.6¢	4.6¢	$4.688K	101.9K

Buyers (Bids)

No.	Vol.	Price($)
2	86750	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	19499	1

View Market Depth

No.	Vol.	Price($)
2	86750	0.046
2	70000	0.045
1	70000	0.042
1	150000	0.031
2	600000	0.030

Price($)	Vol.	No.
0.049	19499	1
0.050	350000	1
0.055	7000	1
0.058	100000	1
0.059	200000	1

Last trade - 10.52am 19/06/2024 (20 minute delay)

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