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Adam Lamond says the decision will reposition Veris as a focused professional services business.

Veris leaves Otoc behind

Listed company Veris, which has built a national surveying and town planning operation over recent years, has discontinued its foundation business, mine camp contractor Otoc Australia, after carving-out Otoc's communications arm into a new entity.

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Veris (VRS)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 31/07/19

1 year TSR5 year TSR
44thCirrus Networks130%4%
254thJoyce Corporation12%34%
369thEuroz-5%3%
793rdVeris-72%-12%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/06/19
$4k Bought
03/05/19
$70k Bought
16/04/19
$57k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

33rd↑Veris$106.8m
35th↑Joyce Corporation$97.3m
36th↑Euroz$92.1m
38th↑Cirrus Networks$76.7m
39th↑Kresta Holdings$76.3m
198 listed industrial companies ranked by revenue.
Source: Morningstar

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