property ownership, page-13

kiril,

hope you are well, know you from the westpac / oil search days.

people need to realise that with stocks like VPG - double edge sword - the upside over the medium term is a 10 bagger, the downside is potentially zero, if you can handle that, then there are numerous other stocks out there like it.

the good thing with VPG is directors and kevin mcabe have serious skin in the game and some headroom with NTA, albeit an inflated one.

management need to work hard.

two fund managers put the value at $0.30 - i would halve this and be happy.