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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

Total Shareholder Return as at 28/09/18

1 year TSR5 year TSR
245thVeris27%16%
289thValmec20%-7%
310thFinbar Group15%-2%
517thSwick Mining Services-15%-8%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/09/18
$60k Issued
25/09/18
$3k Issued
25/09/18
$28k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

34th↑Finbar Group$154.8m
35th↑Swick Mining Services$138.2m
36th↑Veris$106.8m
37th↑Valmec$106.1m
38th↓Quintis$97.4m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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