When you say the market seemed to like this yesterday, in terms of VG1 and RG8, the shares are firmer largely due to them suddenly activating the buyback, and general global markets strength. Rather than the token efforts in recent weeks of sub 50k shares a day, yesterday in RG8 they bought about 800k in a day of the buyback, more than 80% of the volumes going through. With VG1 all of a sudden, they also were the majority of the volumes about 260k in a day.
You could be right the market may well like it but hard to say from yesterday as suddenly the buy back was pretty much the market. Also hard to say if shareholders overall like it - since they never get a say in all the changes that have occurred since listing!
VG1 Price at posting:
$1.88 Sentiment: Hold Disclosure: Held
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