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VED - Veda Group

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Summary of Full Year Results
Veda FY15 Full Year Market Release
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01655263

Net Profit up 248%
Basic EPS up 191%

I though that I was on a good thing last year. It seems better this year. Despite begin naive or an absolute beginner, somehow I felt that I made a good choice with this stock back in July 2014.

Is this stock ignored by many? Doesn't anyone care about their credit rating?
 
Mate I reckon this is a fantastic stock and everyone will care about their credi rating in a few years. Better rating = lower interest rates.
Just sit back and watch eps grow by 10% plus well into the future
 
robusta said:
Mate I reckon this is a fantastic stock and everyone will care about their credi rating in a few years. Better rating = lower interest rates.
Just sit back and watch eps grow by 10% plus well into the future
Click to expand...

Yep, this looks like one i got wrong, never saw the potential that others did and couldnt make a case to invest. Now I can try and learn what I missed and why!

EDIT - Well the market hated those results, down 4% on a day the market was up strongly.
 
Market response looks a little unfair for mine. Added to full position size today. The story is intact, one for the bottom drawer. Anyone else add?
 
The Falcon said:
Market response looks a little unfair for mine. Added to full position size today. The story is intact, one for the bottom drawer. Anyone else add?
Click to expand...

I am not so sure, I know I am a lone voice of dissent, but I still dont see the value here. I went through the exercise of doing a full analysis based on their AR and I still get an IV based on FCF that is below the current price, the equity value to earnings makes it look expensive also. On the postive side their operating margin is very strong and if they can maintain that then perhaps the optimism will be rewarded.

The way I read it is that the current price reflects an expectation of well above normal growth being sustained into the future - and my modelling is more conservative than that with future growth.

So I am still sitting on the sideline, but its a good learning opportunity for my analysis and research!
 
Trading Halt.

Why?

Please don't acquire iSentia now, it will be too expensive. VED denied it recently.
 
Wrong way round...


Read more: http://www.afr.com/street-talk/veda-inbound-offer-expected-20150918-gjpk70#ixzz3m3FNUi9v
 
Faramir said:
Trading Halt.

Why?

Please don't acquire iSentia now, it will be too expensive. VED denied it recently.
Click to expand...

Most likely an acquisition but given ISD is not in a halt... it's highly unlikely to be the target. Alternately there'd be something like a contract win / termination. With the reporting only done recently it would be highly unusal for it to be a profit upgrade / downgrade.

They should soon release a "request for trading halt" announcement explaining the reason for the halt.

However, if you believe in the ability of the market "hive mind" to "predict" anything.... recent price action suggests negative news.
 
skc said:
However, if you believe in the ability of the market "hive mind" to "predict" anything.... recent price action suggests negative news.
Click to expand...

Lol. Hive mind didn't predict a $2.70 indicative offer!
 
skyQuake said:
Just an "oral offer"

Prob some punter using a public payphone
Click to expand...

How can that be taken seriously? They couldn't put it in an email at least? It sounds like they were necking a few schooners at the pub and Equifax CEO lobbed in an offer after he'd had a skinful.
 
McLovin said:
How can that be taken seriously? They couldn't put it in an email at least? It sounds like they were necking a few schooners at the pub and Equifax CEO lobbed in an offer after he'd had a skinful.
Click to expand...
Agree. Seems odd that a $12B NYSE-listed company would make an oral takeover offer.
 
$2.70 takeover. I wanted to hold VED long term. Pity I didn't buy more last year. I got in @ $1.90 (with brokerage). Those who got in on the float: what do you think?

ROE: what are your thoughts?

Thank you to everyone who responded. VED was one of my most stable stock that shone reassurance. Now? How should I feel?
 
Yep, I too wanted to hold VED very long term. A look at the EFX.US (the wood be acquirer) chart is what businesses like this can do over a few decades. Not many businesses around like this one...hopefully offer is rejected.
 
I expect the offer to be rejected, a successful bid would have to start with a 3, i hold substantial positions in my super fund and investment portfolio...yet another T/O stock for me, so soon after iiNet and Amcom.
 

I wont be selling, I hold both in SMSF and person, opportunistic bid really, dollar down around 25% since
VED was trade $2.50 this time last year, so they pretty much got it without paying a premium
it non binding and all the crap, board should just reject out right and stop wasting time on it and spend time on bolt on acquisition like ASIC register

Not many quality business exist on the ASX you want these guys to hang around for many more decades yet, there are plenty of room for this stock to grow from bolt on and organic grow.
 
Thank you ROE. I am opposed to the takeover. I hope that most of the share holders agree.

If I was to play Devils Advocate, I would sell only for a short term profit. If I didn't know the potential of VED, a short term profit would be good enough for me. Since I want to be a long term holder: I would not sell.

For those who are tempted to sell: what would be your reasons? I wonder how we could convince those shareholders to hold on and not be tempted to sell. The only reason I can see to sell is that one may desperately need cash.

What would be the reasons to support the takeover? Are you happy with $2.70 or even $3?? There must plenty of share holders who would be very unhappy.

ROE is correct that we should not waste time on this. Just say NO!

Sorry for using up your time on this topic when we could be discussing better things about VED.
 
Faramir said:
If I was to play Devils Advocate, ...
Click to expand...

Well if I was to play devil's advocate, I would say I have never understood the valuation others placed on this company. I have posted politely about it previously, based on my research and calculations its not even worth the $2 something mark it has basically flatlined at for the last 12 months.

I hae wanted to understand the company and find similar unlocked value to others, many that i respect are holders of this company - yet I still dont get it. Had a look again after theor last report and couldnt make the numbers work any better!

Given that they have never been higher than the offer price, and have spent the last 12 months languishing well below it, before being dragged down further with the recent market drop, I reckon i might be very happy with $2.70 if I had bought at $2.30 - and was looking at a recent low of $2.00.

Hopefully for everyones sake i am wrong and the outcome is as good as you all expect! As I said in my last post, I am definitely using this as a learning opportunity - its all too easy to focus on the companies you buy and forget the ones you decided not to, but they may have more to tell you than the ones you bought!
 
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