VOR 0.00% 39.5¢ vortiv limited

Ann: Trading Halt, page-45

  1. 3,885 Posts.
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    RT is in escrow for 12 months on the 18c shares.

    However, you do not make a $25m purchase without due diligence. If the deal is done:

    • when was the offer made and how was it conveyed?
    • when did due diligence start?
    • who was aware outside the board?
    • did any share transactions occur by those who had an understanding of the due diligence?

    I don't know the answer, I doubt we will find out, but it is an interesting side note to all this. A few months back we were acquiring, now we are divesting.

    What happened between 10 August update and now. We were told:
    In FY21, VOR expects:
    • Revenue growth
    • Margin expansion
    • Profit growth
    • Strong organic client growth
    • Strong sector demand outlook
    • Potential latent value asset
    realisation
    • Potential opportunistic,
    accretive acquisitions

    Now we have got what? It is all a bit strange. It is almost like C10 and Decipher Works did there own deal and said take it or leave it, we're going IMO.

    Cheers
 
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