VRS 1.96% 5.2¢ veris limited

I'll stick to my well under valued assessment. It's reasonable...

  1. 1,153 Posts.
    lightbulb Created with Sketch. 1637
    I'll stick to my well under valued assessment. It's reasonable to expect full year revenue to exceed $100 million so market cap at the moment is 6 months revenue. I'll also cite slide 21 of the presentation of 13th March where it is reported more free cash will arise because of the completion of final payments for acquisitions. $8.5 million of payments were made in 1st half 2018 ending some of these acquisitions that were entered into in 2016. The third factor is the large number of extra staff recently employed who required for the substantial new contracts. The company will be meeting expenses associated with these (office space, equipment, vehicles to deploy into the field etc etc). The money will begin to flow this half year. Finally some acquisitions have been financed from operations.
    Seems to me the company will measure a good profit for full year 2018, the divi will be paid, revenue will grow. VRS are on track.
 
watchlist Created with Sketch. Add VRS (ASX) to my watchlist
(20min delay)
Last
5.2¢
Change
0.001(1.96%)
Mkt cap ! $26.01M
Open High Low Value Volume
5.1¢ 5.2¢ 5.1¢ $5.338K 102.7K

Buyers (Bids)

No. Vol. Price($)
1 21696 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 142600 2
View Market Depth
Last trade - 13.02pm 28/05/2024 (20 minute delay) ?
VRS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.