I was invested in this company days it listed close to $2 ,sold out six months later
I bought into ASH but sold out because of bad publicity from VET .
Anyway hopefully the bad news is rear window stuff,there is a court case against VET ,which will just drag on ,the company is totally reconfigured now ,looks like they grew to quick and it was to hard to manage the growth , they bit more then they can chew .
They will almost be debt free which is fantastic,and they do have a new boss ,they have kept there core business,so we'll done to the board.
And the vocational industry is exploding as the NSW government is in the demand driven model now,like Victoria
You guys should have a read of there prospectus back in 2013 and read ASH prospectus ,it will give u an idea of what is happening as each state transformers to a demand driven model
I hope VET can keep rising from the ashes ,looks like the market is cheering the new CEO
Next few months will set the future for VET ,
VET market cap of about 38m now versus 600m about 9 months ago ,u seriously got to ask yourself is VET worth a look at now .
this stock can quickly rerate with the right board
To me its a buy and hold for 6 months
U can buy now or wait for an update due within the coming weeks from the new boss ,
VET Price at posting:
16.0¢ Sentiment: None Disclosure: Held