Time for Calm this is a Bargain, page-31

Recall when the future fund decided to exit TLS and sat their for months just giving away value because the then chairman in charge wanted to exit as he felt the weighting in telcos was too high.

I recall saying thank you very much - a blue chip on a 10% net full franked yield and trading at a lowly EV/EBITDA multiple, with a safe pair of hands in Thody taking the helm. That was a good trade - ditto BHP & WOW of late - violently sold off but to the extreme.

VRC is now in this camp. Seems a couple of HNWIs, and smaller punters in panic mode, are rushing to the single exit door at the back of the cinema just as VRC is on the cusp of releasing some solid fundamental newsflow.

To those selling, thank you very much - when the annual Santa rally kicks in it will be a merry Xmas indeed.