From the announcements they are filling their order book with projects other than just gas compression which is great to see. It looks like they now have a secure diverse pipeline of work with Watercorp, Major road works , infrastructure and Tubridge which I think is gas compression along with their service division which has been kicking goals by way of recurring income since they bought it from Exterran.
I think they still need to do an acquisition to crack the $100m and get further spread in the stock. The original guys haven't sold a single share which looks great as far as confidence goes, but doesn't increase the float.
A good result for this financial year will bolster confidence further but how can you jump on the gravy train if there is no stock for sale?
VMX Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
