re: Ann: Half Year Financial Report and Full ... Looks like...

re: Ann: Half Year Financial Report and Full ... Looks like there are some other people that believe VEI should be worth more as well.

Primary Health Care have just increased their holding from 13% to 17%. Its interesting to note in their disclosure, that whilst they have been accumulating, they have also been strategically selling small parcels, to try and cap the price a bit. This indicates they probably are not done accumulating yet.

I took a punt after my initial post so happy to see Primary jumping on board as well.

Debt plus Equity currently valued at $110m for EBIT of $27m. Equity could conceivably still double and would still be trading on a multiple of 5 to 6 times. Primary itself trades on a multiple of up to 9 times if looking at Primary's enterprise value ($1.5b equity plus $1b debt).