This is playing out just as I previously posted.
After the boys couldn't get the funding to take VRL private the next obvious step was for the company itself to soak up shares via a LARGE share buy back.
Thus, next time the boys try to take the company private there will be less on-market shares that they need to acquire.
SP will jump somewhat over the buy-back period, IMO. It will still be cheap based on the free cashflow, and then at some point in the future I would expect another attempt to take VRL private.
Cheers
John
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Last
2.3¢ |
Change
-0.002(8.00%) |
Mkt cap ! $6.426M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.3¢ | $63.28K | 2.668M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 217391 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 368928 | 2 |
View Market Depth
| Last trade - 15.41pm 28/07/2025 (20 minute delay) ? |
| VRL (ASX) Chart |