re: Ann: Half Year Financial Report and Full ... Really, when you look at the underlying cash flows there is no reason why VEI shouldn't be worth more.
Prior to the results being released someone could of bought out VEI for $10m, paid off the $95m in debt and been left with EBITDA/free cash flows of $25m per annum. Not bad for a $105m investment.
Even at the current price one would only have to fork out just over $120m to access the cash flow.
Kudos to management for turning things around.
re: Ann: Half Year Financial Report and Full ... Really, when...
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