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VDM cuts 40 jobs, warns more coming

Struggling contractor VDM Group has cut 40 jobs and has warned staff to expect more redundancies, as its restructuring efforts shift into top gear.

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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

332ndDongyi Hua$393k
1202ndHiuMing Luk$65k
1207thMichael Fry$64k
Ranked by total remuneration from all listed WA companies

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