Yeah I'm out, took the capital loss time to move on
Was hoping for a 5c dividend in 2 weeks with a 50-60% boost in sp.
Now VTG know that 97% of their revenue will end in 4 years the best thing they can do is withhold most if not all of that dividend and use it to aggressively expand SHAW. I understand this is what is best for the business in the long run. Unfortunately it is not what is best for the sp in the short term.
I have no interest in having my capital tied up for that long on a business that has not yet been profitable. It may be announced in the upcoming report that SHAW is now profitable, however I do not think they will counter negative market sentiment to no dividend.
If they do pay a dividend, good chance they will need to raise money from an spp to fund expansion. A SPP at this price is way to much dilution for my liking, I just can't see any up side for VTG in the next 2 years.
VTG Price at posting:
81.5¢ Sentiment: Sell Disclosure: Not Held
