VORTIV LIMITED (ASX:VOR) - Ann: Appendix 4C - quarterly, 22119500, page-8 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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Karrotz

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25/01/17

01:51

Post #: 22119500
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Originally posted by martyw ↑

It is interesting that not listed as likely cash flow in the next quarter either.[/QUOTEthe
the omission does not surprise me given there can be no play of hand given the still to be announced decision on the option ( even if for many it seems a given that TSN or another will buy the balance of the TSI equity and that CX is already breaking up) by 14 February 2017. Remember too that the terms of the announcement of the option allows Tsn another 50 days grace provided it gives notice and commits to holding the special shareholders meeting to approve the purchase and also confirms funds have been committed to meet the price. The wording seems a little woolly as commitment seems to suggest funds committed but still the grace period can be invoked probably for good reason.

So the absence of income predictions is not surprising, in my opinion.

Someone said recently in a post that the time( about six weeks) to process a rights issue was over ( he was thinking no doubt of the February date) but if the extension of 50 days is invoked there's still time. Consolidation also seems inevitable at the perceived right time as there are Billions ( I think) of shares in issue and a meaningful number of holders each appear to have many tens of millions of shares under their control, creating a somewhat skewed view and appraisal of a fair share price going forward, all of this being my gut feel.

I pose as question- What ought a small holder, e.g. say 100 k shares or thereabouts , think of the possible increase in value of his investment , capital or say dividends, in the short or long term given say the numbers in the latest financials and exponential growth on different levels of business and repayment of the agreed price of a take over. Ought he or his self managed fund, geared to enrich his young children on their maturity or sooner, hold on to this investment. ?

I wonder ?

Comments anybody. Regards, Karrotz.

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TSN Price at posting: 2.6¢ Sentiment: Buy Disclosure: Not Held
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