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$15m hit for VDM on contract termination

VDM Group expects a $15 million hit to revenue after Argyle Diamonds scaled back the company's workload on the underground expansion project.

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western Australia
This is all just happening as the still like to make millions of dollar profit for the shareholder and directors of the company. what a shame to dismiss 14000 people worldwide for the sake of money

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VDM Group (VMG)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
147thFastbrick Robotics93%75%
462ndVDM Group0%-41%
603rdQuantify Technology Holdings-25%-69%
652ndNorwood Systems-33%-4%
660thDropsuite-34%126%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/03/15
$172k Bought
04/12/14
$30k Bought
03/02/14
$4.0m Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

134th↓Norwood Systems$1.6m
135th-Dropsuite$1.4m
136th↓VDM Group$1.4m
137th↑Quantify Technology Holdings$1.4m
138th↑Fastbrick Robotics$1.3m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from VDM Group

329thDongyi Hua$393k
1199thHiuMing Luk$65k
1204thMichael Fry$64k
Ranked by total remuneration from all listed WA companies

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