Australia's largest stock trading and investment forum Australia's #1 stock forum

VOR

0.00%

39.5¢ vortiv limited

Ann: Notices Received Under S203D & 249D of the Corporations Act, page-35

First 35 Last

Share
Profile

Follow
Dr Davros

3,670 Posts.

698

23/02/21

15:40

Post #: 51252772
Share

Originally posted by aventurine ↑

Hi Canterbury - iIt looks like something is afoot and it's nice to see the SP moving in the right direction.

Personally, I can't imagine GF letting go of control of VOR (&TSI) so easily. That's why he put MacLeod as a Director and kept JL on as a NED.

However, who knows - perhaps GF's time is up. It's interesting that TH lodged his becoming a sub holder notice on 1/2/21, yet he actually became a Sub Holder on 14/12/20. Initially I thought it was poor form to lodge so late. On reflection perhaps it was intentional.

Then on 16/12/20 GF stepped down as chairman. This also coincided with the sale of C10 & DWX to CyberCX.

We then saw what happened on the 17/2/21. TH increased his shareholding and GF resigned as a director within an hour.

It's interesting that TH and his nominations for the board would bring a decidedly Qld flavour to what's been a WA controlled company. HD has his contacts, so perhaps someone is coming to his aid in this time of need?

I guess the company is at a critical juncture in terms of being cashed up, the buyback decision, what to do with a fast improving TSI and looking for acquisitions. So I'm not surprised to see some activity and jostling for control, although its hard to assess which way things will go.

I believe the refusal to re-value TSI in the HY will come back to haunt the existing board. They had a decent chance to revise the valuation within the previous range and they chose to keep a conservative estimate. TSI's December quarter results further compounds that matter and it looks like others can see the value that the board could not. I'm not saying there's any deceit going on (as nothing wrong with being conservative), but I certainly wonder how a fresh set of eyes might view and value TSI.

cheers

Expand

This is pure conjecture.
It wouldn't surprise me if Mohnish has already reached out to one or two people having seen the writing on the wall. Or perhaps the othe way around, who knows.
He has serious expansion plans and expansion cost money. With 25mil sitting in the kitty, I would certainly be having a polite chat and introduce myself.
After years rudeness from JL I'd be letting them know I existed and giving them some insights.

VOR Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

PL3

Patagonia looks to raise $2.15M for South American exploration and development

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

There are more pages in this discussion • 12 more messages in this thread...

First 35 Last

Add VOR (ASX) to my watchlist

Ann: Notices Received Under S203D & 249D of the Corporations Act, page-35

Top Stories

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Patagonia looks to raise $2.15M for South American exploration and development

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Featured News