So_Cynical
The Contrarian Averager
- Joined
- 31 August 2007
- Posts
- 7,464
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Massive on-market buy-back for VRL and VRLPA during November announced today, so both shot up about 20c.
Yep ive just been reading through the The explanatory memorandum and came to the
inescapable conclusion that my purchase of VRL shares @ 82 cents has turned out to
be absolutely brilliant timing. (we need a pat on the back smiley )
http://www.villageroadshow.com.au/p... Memorandum & Indep Experts Report 231009.pdf
With today's close of $1.70 my investment has more than doubled and im earning a fully
franked dividend return of over 11.5% PA.
I thought the valuation of $3.69 per ordinary share was a little over the top as were
many conclusions in the Grant Samuel’s valuation.
Anyway VRL up 11.8% today and VRLPA up 15.6%...also noticed that both are hitting 52 week
highs, amazing considering the bottom was only about 5 months ago..happy days ahead for
the holders.