I have now read the report on another thread. I have also read the CTD response. The only issues which IMO need further clarification are the changes to the % rates of goodwill impairment and allegations that IT expenses are capitalised. CTD say its because VTG misunderstand etc the business. Well if these analysts who do this for a living don't then how are retail investors going to understand? These areas definitely need more clarification as they both directly effect the bottom line. The effect could well be material.
The allegations that the IT advantage is overstated is also somewhat of a concern.
In general the report makes many remarks that could have the reader thinking that CTD were misleading the market or even worse. Reads like the script of one of those Conspiracy theory shows.
The 'worse' would be why CTD are consulting their lawyers. The decisions concerning the 'worse' thoughts are made by people who would be concerned about their reputations. VTG will just argue they are red flags and nothing more and that is what they are paid to do.
Of course the 'worse' for holders is that those allegations that could materially effect the bottom line have legs.
Looking for $18ish and then $16ish.
Ann: Trading Halt, page-44
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$13.73 |
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Mkt cap ! $2.009B | |||
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