Interesting to note that the Trading Halt announcement did not contain a written request from the company, as is normally the case. Suggests that the halt was not planned ahead by the company.
It could have been initiated by a speeding ticket from the ASX, or some other external event.
Now that VSL has disposed of the fire and security, it is a much more purely health care related company.
Their long term plans, from last AGM, were to now have their asx sector changed to one more appropriate to a health related stock, which generally attracts larger PE's. They would then investigate dual listing on an overseas index such as the AIM, in an effort to increase visibility and the SP.
Now may be the best time for any predator seeking the VBS business, before the market has time to re-rate the stock.
VSL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held