1) Were talking about a profit downgrade, but still in the black 2) Given the volumes traded, having lost 28% is not the end of the world, the support level over 30c suggest theres a big player on the other side of the equation actually wouldnt be surprised to get a New Substantial Holder next Wednesday (I would bet Orbis will be showing up) 3) There has been a CEO change. Ive seen CEOs getting into an organization and changing absolutely everything just to show themselves as the saviours...Not really concerned about this particular profit downgrade, lets see what happens 6 months from now. 4) Cheap means when the actual price is below the perceived value Im not sure how cheap the stock is at the moment, is still too early to decide whether is cheap. 5) I wouldnt expect a bounce back this week, markets are very stressed ATM with Europe. If new CEO revamps V Australia probably there will be a better future, but ATM V Australia is a huge burden with no returns
VBA Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
