Yesterday and today were not just about short covering.
This company, pronounced 'the new guy', has done absolutely remarkable things to make it a lean, focussed organisation going forward.
I did my research last night and bought in this morning. That move through 14 -17c was awesome.
Just profit taking and accumulation for the remainder of the day.
Ultimately, though, this line from the announcement caught my attention more than any other.
“In the coming weeks Vocation expects to announce the outcomes of the strategic review and its revised financial guidance incorporating the changes to the business portfolio,” Mr Halley concluded.
Produce a profitable company with almost no debt and strong growth prospects from the ashes of the mess that was VET and we will have a share price a great deal higher than its current position. In fact I am just not sure if there is downside risk?
My sentiment is almost always none, but this one gets a buy.
