Soooo 2% POT for the 6 months, and have gone to market to cover what are pretty much operational expenses. So technically the profit is just a fake out because if they were a business worth the investment they would be able to resolve through reinvestment of earnings and small bank facilities. Yet they had to go to market to buy gear. I would say the Sophs will get hit again for a further $6.5m placement in the lead up to September to roll the CBA debt call. Further diluting the shareholding.
This business looks like it is a free public service to the development and construction industry that only survives as long as it has the ability to go to market to raise further funds. It wouldn't last 6 months in its current form as a private business. Dead investment. I suspect there will never be shareholder returns.
- Forums
- ASX - By Stock
- VRS
- News: VRS Veris Ltd Announces Successful $7.5M Placement & H1 PBT Guidance
News: VRS Veris Ltd Announces Successful $7.5M Placement & H1 PBT Guidance, page-5
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRS (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $22.40M |
Open | High | Low | Value | Volume |
4.2¢ | 4.4¢ | 4.2¢ | $6.11K | 144.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7436 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 253676 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7436 | 0.042 |
1 | 50000 | 0.041 |
2 | 282320 | 0.040 |
3 | 611946 | 0.038 |
1 | 69512 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 253676 | 3 |
0.050 | 105922 | 2 |
0.054 | 50000 | 1 |
0.055 | 150000 | 1 |
0.062 | 100000 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
VRS (ASX) Chart |