As expected, fantastic results by Veem.
On track for EBITDA of $14m and $7m NPAT.
Strong increase in the interim dividend as well.
In reality the business is strong, with great opportunities across every division
- Gyro sales on hand look good too and the commentary about market interest was interesting. I think margins are improving significantly here too with the Strategic Marine being the anchor order that we need to make this division humm!
- Propulsion continues to be strong, but will really dominate once the Sharrow by Veem sales kick in
- Engineering just keeps ticking away with Hollow Bar growth
- Defence is a solid performer and the opportunities in front of Veem are only getting bigger!
My main concern is still a takeover if the founders are looking for an exit for their holding.
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- Ann: VEEM Reports Strong Profit Growth for 1HFY24
Ann: VEEM Reports Strong Profit Growth for 1HFY24, page-2
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Last
$1.87 |
Change
-0.045(2.35%) |
Mkt cap ! $253.8M |
Open | High | Low | Value | Volume |
$1.92 | $1.92 | $1.87 | $223.6K | 119.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 5500 | $1.86 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.87 | 210 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 5500 | 1.860 |
2 | 17500 | 1.850 |
2 | 704 | 1.805 |
4 | 25466 | 1.800 |
1 | 1500 | 1.785 |
Price($) | Vol. | No. |
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1.870 | 210 | 1 |
1.905 | 2850 | 1 |
1.940 | 35652 | 1 |
1.960 | 15000 | 1 |
1.980 | 10000 | 2 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
$1.87 |
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Change
-0.045 ( 1.90 %) |
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Open | High | Low | Volume | ||
$1.89 | $1.93 | $1.87 | 14162 | ||
Last updated 15.59pm 13/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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