Am I right in thinking that there are 114.2m ordinary shares plus an additional 52.2m preference shares and EPS is calculated based on the combined 166.4m shares?
The buyback will be between 15m and 35m shares, a decrease in shares on offer of 9% and 21% respectively.
It sounds amazing for me as a shareholder who won't be selling in the buyback. The EPS will increase by 10% (100/91) to 26% (100/79), not including the interest owed on the new loan. Is my maths right?
Profit seems solid with potential for growth and with the shares on offer decreasing...this seems like a great medium term hold to me (3-5 years). EPS keeps increasing so quickly with solid profit and falling shares on offer.
VRL Price at posting:
$2.40 Sentiment: Buy Disclosure: Held