I’m not sure they will be updating on a strategy to engage govt funding
My feel from the previous announcements is that the 3 remaining businesses are pulling in the revenue as anticipated.
The strategic review should focus on the 3 core brands that remain and how they adjust the cost base and operating model
I hope Mr Cummins is looking at ACO - who they should be mirroring I believe
ACO appear to be a very similar company – who are going great guns with what appears to be an identical business model
Listed last year
Delivers V E T qualifications through RTOs
Revenue $56M with ~84% from Vic Govt
Very lean Balance sheet just $35M intangibles &< $10M debt
…..sound familiar
BUT….
Very healthy profit forecast $16M NPAT for FY15
Market Cap of $150M
Can’t see why VET can’t achieve this, they have the revenue base to do so & the balance sheet should look almost identical post asset sales
VET Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
