In terms of this buy back. I think Village Road show do not want to pay full price for the shares. So they will be trying to soak up the shares at current evaluations.
Do not sell.. If no one sells then we should see village roadshow on their knees... I think fundamentally this company should higher, but the question is how high. If more shares being removed then the fundamentals should look even better.
Also the 9 cent divies for the pref A shares is really good value. Considering I bought in at 90 cents... thats a 10 percent divy plus capital gains...
everyone aboard for the village road show train....
there have been some big trades go through... I get the feeeling that mates of mates of village are accumulating... the rich club,,, everyone is an insider...
I really and true thing this will be somewhere between :
2.30 to 3.00 by the end of november...
Anyone else care to punt..?
VRL Price at posting:
$1.83 Sentiment: ST Buy Disclosure: Held