Ann: Change of Director's Interest Notice , page-4

Mika, "is VBA cheap".

NTA 41cents per share. Making a profit (albeit only 23.8mill in the last half). Still, after all VBA has faced in the last few years, they are still here and hopefully set for increased growth and profits. Yes, it has been cheaper, I nervously picked up a few at 16cents in some very dark days.

Providing the global economies rebound and they are not driven to breaking point by natural disasters or more computer meltdowns, I think it will seem very cheap at these levels by the end of the year.