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Vertex Resource Group Ltd V.VTX

Alternate Symbol(s):  VTXGF

Vertex Resource Group Ltd. is a Canada-based provider of environmental services. It provides environmental consulting and support services to a diverse clientele across Canada and in select locations in the United States. Its segment includes Engineering and Environmental Consulting services and Environmental Services. Environmental Consulting consists of a variety of services related to assisting its clients to meet internal environmental standards, environmental legislation and related environmental compliance requirements. These services span multiple industries including energy, mining, utilities, forestry, private development, public infrastructure, telecommunications and government. Environmental Services consists of a variety of services related to transportation; removal, storage and disposal of materials; and maintenance of facilities, in an environmentally safe manner. Services include fluid management and logistics, waste and recycling, agriculture, and hydro-excavating.


TSXV:VTX - Post by User

Comment by mrmoribundon Jun 17, 2024 1:21pm
292 Views
Post# 36092403

RE:RE:why no interest in company?

RE:RE:why no interest in company?Four reasons come to mind:

(1) 32 Degrees Capital overhang - no way to know for sure how many shares ultimately must be sold.

(2) Debt level - note how finance costs have gone up with interest rates.

(3) So-so Q1 result - fits pattern of company having a hard time getting to consistent profitability.

(4) Share buyback appears to have stopped - no buybacks reported on SEDI for May 2024 / may reflect their bankers asking them to cool it with the NCIB.
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