Announcement • Jun 02
Vertex Resource Group Ltd., Annual General Meeting, Aug 12, 2026 Vertex Resource Group Ltd., Annual General Meeting, Aug 12, 2026. Reported Earnings • May 15
First quarter 2026 earnings released: CA$0.01 loss per share (vs CA$0.021 loss in 1Q 2025) First quarter 2026 results: CA$0.01 loss per share (improved from CA$0.021 loss in 1Q 2025). Revenue: CA$49.1m (down 3.9% from 1Q 2025). Net loss: CA$1.45m (loss narrowed 39% from 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 1.8% decline forecast for the Commercial Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 26
Full year 2025 earnings released: CA$0.12 loss per share (vs CA$0.055 loss in FY 2024) Full year 2025 results: CA$0.12 loss per share (further deteriorated from CA$0.055 loss in FY 2024). Revenue: CA$203.1m (down 12% from FY 2024). Net loss: CA$13.3m (loss widened 117% from FY 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 2.1% decline forecast for the Commercial Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Third quarter 2025 earnings released: CA$0.01 loss per share (vs CA$0.014 profit in 3Q 2024) Third quarter 2025 results: CA$0.01 loss per share (down from CA$0.014 profit in 3Q 2024). Revenue: CA$50.4m (down 19% from 3Q 2024). Net loss: CA$1.17m (down 177% from profit in 3Q 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 1.8% decline forecast for the Commercial Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings have declined by 6.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$17.9m market cap, or US$12.8m). Buy Or Sell Opportunity • Oct 28
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to CA$0.21. The fair value is estimated to be CA$0.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to CA$0.22. The fair value is estimated to be CA$0.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Aug 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CA$0.22. The fair value is estimated to be CA$0.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 18
Second quarter 2025 earnings released: CA$0.029 loss per share (vs CA$0.005 profit in 2Q 2024) Second quarter 2025 results: CA$0.029 loss per share (down from CA$0.005 profit in 2Q 2024). Revenue: CA$50.2m (down 11% from 2Q 2024). Net loss: CA$3.25m (down CA$3.82m from profit in 2Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Canada are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. New Risk • Jun 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Market cap is less than US$100m (CA$26.9m market cap, or US$19.6m). Reported Earnings • May 16
First quarter 2025 earnings released: CA$0.02 loss per share (vs CA$0.012 loss in 1Q 2024) First quarter 2025 results: CA$0.02 loss per share (further deteriorated from CA$0.012 loss in 1Q 2024). Revenue: CA$51.1m (down 13% from 1Q 2024). Net loss: CA$2.37m (loss widened 73% from 1Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 2.1% decline forecast for the Commercial Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Stuart King was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 25
Vertex Resource Group Ltd. Provides Earnings Guidance for the Year 2025 Vertex Resource Group Ltd. provided earnings guidance for the year 2025. For the year, the company expects revenue for 2025 to be slightly less than in 2024, with margins remaining similar. New Risk • Mar 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$29.1m market cap, or US$20.4m). Reported Earnings • Mar 24
Full year 2024 earnings released: CA$0.05 loss per share (vs CA$0.021 profit in FY 2023) Full year 2024 results: CA$0.05 loss per share (down from CA$0.021 profit in FY 2023). Revenue: CA$230.0m (down 7.0% from FY 2023). Net loss: CA$6.13m (down 350% from profit in FY 2023). Revenue is forecast to stay flat during the next 2 years compared to a 1.2% decline forecast for the Commercial Services industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
Vertex Resource Group Ltd., Annual General Meeting, May 14, 2025 Vertex Resource Group Ltd., Annual General Meeting, May 14, 2025. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: CA$0.02 (vs CA$0.01 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.02 (up from CA$0.01 in 3Q 2023). Revenue: CA$62.3m (down 6.8% from 3Q 2023). Net income: CA$1.51m (up 30% from 3Q 2023). Profit margin: 2.4% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 24% per year. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CA$0.012 (vs CA$0.014 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.012 (down from CA$0.014 in 2Q 2023). Revenue: CA$56.7m (down 9.0% from 2Q 2023). Net income: CA$563.0k (down 65% from 2Q 2023). Profit margin: 1.0% (down from 2.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (0.03% net profit margin). Market cap is less than US$100m (CA$34.7m market cap, or US$25.2m). Buy Or Sell Opportunity • Jul 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to CA$0.33. The fair value is estimated to be CA$0.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CA$0.34. The fair value is estimated to be CA$0.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • May 29
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to CA$0.31. The fair value is estimated to be CA$0.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 19
First quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.009 profit in 1Q 2023) First quarter 2024 results: CA$0.01 loss per share (down from CA$0.009 profit in 1Q 2023). Revenue: CA$58.5m (up 3.0% from 1Q 2023). Net loss: CA$1.37m (down 236% from profit in 1Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CA$0.02 (vs CA$0.019 in FY 2022) Full year 2023 results: EPS: CA$0.02 (up from CA$0.019 in FY 2022). Revenue: CA$247.3m (up 13% from FY 2022). Net income: CA$2.46m (up 20% from FY 2022). Profit margin: 1.0% (up from 0.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 02
Vertex Resource Group Ltd., Annual General Meeting, May 15, 2024 Vertex Resource Group Ltd., Annual General Meeting, May 15, 2024. Announcement • Dec 14
Vertex Resource Group Ltd. Announces Resignation of Trent Baker as Board Member Effective December 14, 2023 Vertex Resource Group Ltd. announced that it has accepted the resignation of Trent Baker from the Company's Board of Directors effective December 14, 2023. Mr. Baker was appointed to the Board in March, 2016. Price Target Changed • Nov 18
Price target decreased by 12% to CA$0.75 Down from CA$0.85, the current price target is provided by 1 analyst. New target price is 83% above last closing price of CA$0.41. Stock is up 3.8% over the past year. The company posted earnings per share of CA$0.019 last year. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.022 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.01 (down from CA$0.022 in 3Q 2022). Revenue: CA$66.8m (up 13% from 3Q 2022). Net income: CA$1.17m (down 53% from 3Q 2022). Profit margin: 1.7% (down from 4.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CA$0.01 (vs CA$0.015 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.01. Revenue: CA$62.3m (up 15% from 2Q 2022). Net income: CA$1.60m (flat on 2Q 2022). Profit margin: 2.6% (down from 3.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Commercial Services industry in Canada. Price Target Changed • Apr 02
Price target decreased by 8.1% to CA$0.85 Down from CA$0.93, the current price target is provided by 1 analyst. New target price is 113% above last closing price of CA$0.40. Stock is down 27% over the past year. The company posted earnings per share of CA$0.019 last year. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: CA$0.02 (vs CA$0.018 in FY 2021) Full year 2022 results: EPS: CA$0.02 (up from CA$0.018 in FY 2021). Revenue: CA$218.4m (up 37% from FY 2021). Net income: CA$2.04m (up 23% from FY 2021). Profit margin: 0.9% (down from 1.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: CA$0.022 (vs CA$0.007 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.022 (up from CA$0.007 in 3Q 2021). Revenue: CA$59.1m (up 40% from 3Q 2021). Net income: CA$2.48m (up 282% from 3Q 2021). Profit margin: 4.2% (up from 1.5% in 3Q 2021). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: CA$0.02 (vs CA$0.007 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.02 (up from CA$0.007 in 3Q 2021). Revenue: CA$59.1m (up 40% from 3Q 2021). Net income: CA$2.48m (up 282% from 3Q 2021). Profit margin: 4.2% (up from 1.5% in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Commercial Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 08
Vice President of Consulting Services recently bought CA$79k worth of stock On the 29th of September, Paul Blenkhorn bought around 177k shares on-market at roughly CA$0.45 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$148k more in shares than they have sold in the last 12 months. Announcement • Oct 01
Vertex Resource Group Ltd. (TSXV:VTX) acquired Young EnergyServe Inc. for CAD 13.2 million. Vertex Resource Group Ltd. (TSXV:VTX) acquired Young EnergyServe Inc. for CAD 13.2 million on September 30, 2022. The acquisition was completed for a purchase price of CAD 13.8 million, including 5.45 million common shares being issued at CAD 0.55 per common share, a cash payment on closing of CAD 6,800,000 and the issuance of a CAD 4,000,000 promissory note, subject to adjustments made in accordance with the purchase and sale agreement. .Vertex will use its existing credit facilities to fund the acquisition.
Vertex Resource Group Ltd. (TSXV:VTX) completed the acquisition of Young EnergyServe Inc. on September 30, 2022. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CA$0.02 (vs CA$0.002 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.02 (up from CA$0.002 in 2Q 2021). Revenue: CA$54.0m (up 42% from 2Q 2021). Net income: CA$1.60m (up CA$1.41m from 2Q 2021). Profit margin: 3.0% (up from 0.5% in 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 14% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • May 31
High number of new directors Independent Director Stuart King was the last director to join the board, commencing their role in 2022. Reported Earnings • May 13
First quarter 2022 earnings released: CA$0.01 loss per share (vs CA$0.006 loss in 1Q 2021) First quarter 2022 results: CA$0.01 loss per share (down from CA$0.006 loss in 1Q 2021). Revenue: CA$45.4m (up 38% from 1Q 2021). Net loss: CA$740.0k (loss widened 30% from 1Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 15% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 12
Vertex Resource Group Ltd. Provides Earnings Guidance for the Year 2022 Vertex Resource Group Ltd. provided earnings guidance for the year 2022. Vertex is well positioned for strong earnings growth for 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Stuart O'Connor was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 02
Insider recently sold CA$501k worth of stock On the 25th of March, Jason Clemett sold around 910k shares on-market at roughly CA$0.55 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$456k more than they bought in the last 12 months. Announcement • Apr 02
Vertex Resource Group Ltd., Annual General Meeting, Jun 07, 2022 Vertex Resource Group Ltd., Annual General Meeting, Jun 07, 2022. Price Target Changed • Mar 01
Price target increased to CA$0.70 Up from CA$0.63, the current price target is an average from 2 analysts. New target price is 25% above last closing price of CA$0.56. Stock is up 75% over the past year. The company posted a net loss per share of CA$0.062 last year. Announcement • Feb 27
Vertex Resource Group Ltd. announced that it expects to receive CAD 15 million in funding Vertex Resource Group Ltd. announced a non-brokered private placement of secured subordinated convertible debenture for a total gross proceeds of CAD 15,000,000 on February 25, 2022. The convertible debenture will have a five year term from the date of issuance. The convertible debenture will bear interest at 8% per annum from the date of issue, payable monthly in arrears in cash. The holders may elect to convert the convertible debenture, into common shares at a conversion price of CAD 0.65 per share. The transaction is subject to approval of the TSXV and certain other commercial conditions customary in financings of this nature. Board Change • Feb 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Stuart O'Connor was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 16
Price target increased to CA$0.65 Up from CA$0.60, the current price target is an average from 2 analysts. New target price is 44% above last closing price of CA$0.45. Stock is up 80% over the past year. The company posted a net loss per share of CA$0.062 last year. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS CA$0.01 (vs CA$0.016 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CA$42.3m (up 32% from 3Q 2020). Net income: CA$649.0k (down 56% from 3Q 2020). Profit margin: 1.5% (down from 4.6% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS CA$0.01 (vs CA$0.016 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CA$42.3m (up 32% from 3Q 2020). Net income: CA$649.0k (down 56% from 3Q 2020). Profit margin: 1.5% (down from 4.6% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$38.1m (up 35% from 2Q 2020). Net income: CA$194.0k (up CA$905.0k from 2Q 2020). Profit margin: 0.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.061 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CA$32.9m (down 14% from 1Q 2020). Net loss: CA$571.0k (loss narrowed 90% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 24
Price target increased to CA$0.63 Up from CA$0.53, the current price target is an average from 2 analysts. New target price is 60% above last closing price of CA$0.39. Stock is up 86% over the past year. Reported Earnings • Mar 24
Full year 2020 earnings released The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CA$136.1m (down 19% from FY 2019). Net loss: CA$5.70m (loss narrowed 50% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Vertex Resource Group Ltd., Annual General Meeting, May 12, 2021 Vertex Resource Group Ltd., Annual General Meeting, May 12, 2021. Announcement • Mar 04
Vertex Resource Group Ltd. (TSXV:VTX) acquired MAD Oilfield Solutions for $16.3 million. Vertex Resource Group Ltd. (TSXV:VTX) acquired MAD Oilfield Solutions for $16.3 million on March 2, 2021. The consideration includes of $7.2 million paid in cash and the assumption of $9.1 million in equipment loans and capital leases. Vertex will use its existing credit facilities to fund the acquisition. The acquisition of MAD will add over 50 specialized units, along with other equipment to Vertex's fleet. This acquisition will strengthen Vertex's presence in the oilsands by adding MAD's locations in Fort McMurray and Lac La Biche to better service existing clients.
Vertex Resource Group Ltd. (TSXV:VTX) completed the acquisition of MAD Oilfield Solutions on March 2, 2021. Is New 90 Day High Low • Feb 17
New 90-day high: CA$0.31 The company is up 19% from its price of CA$0.26 on 18 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$0.70 per share. Announcement • Jan 15
Vertex Resource Group Ltd Announces Executive Appointments Imran Ally has resigned as chief financial officer of Vertex Resource Group Ltd., effective immediately, as he will be pursuing other opportunities. The company appointed Sherry Bielopotocky, CPA, as the company's new chief financial officer. Bielopotocky has been with Vertex since 2005 in various senior accounting, finance, and operational roles, including her current role as vice-president corporate services, and has over 20 years of executive financial experience with both public and private companies involved in construction, oilfield services and environmental consulting. Announcement • Jan 13
Vertex Resource Group Ltd. Announces the Appointment of Tom Bratrud, P.Eng to the Position of Vice President Engineering Vertex Resource Group Ltd. announced the appointment of Tom Bratrud, P.Eng to the position of Vice President Engineering. Mr. Bratrud has 29 years of multisectoral EPCM experience with public and private companies, including his role as Senior Vice President of Oil and Gas with WSP Canada. He is a Professional Engineer and active member of the Association of Professional Engineers and Geoscientists of Alberta. Near term Mr. Bratrud will support and lead key initiatives around emission management, renewable energy, abandonment and facility decommissioning. Is New 90 Day High Low • Jan 13
New 90-day high: CA$0.30 The company is up 36% from its price of CA$0.22 on 07 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$0.70 per share. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS CA$0.016 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CA$32.1m (down 27% from 3Q 2019). Net income: CA$1.47m (up CA$1.99m from 3Q 2019). Profit margin: 4.6% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue misses expectations Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 15%, compared to a 24% growth forecast for the Commercial Services industry in Canada. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue misses expectations Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 16%, compared to a 25% growth forecast for the Commercial Services industry in Canada. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS CA$0.02 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CA$32.1m (down 27% from 3Q 2019). Net income: CA$1.47m (up CA$2.02m from 3Q 2019). Profit margin: 4.6% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses.