Ann: CVF Monthly Update and NTA Per Share at 30 November 2020, page-4

First 4 Last

leasx

3,205 Posts.

352

08/12/20

12:44

Post #: 49419940

Originally posted by ramamba: ↑
interesting commentary on Village Roadshow, the way it reads i'm sure i've come across similar stuff before, may be even quite recently. Wasn't there a small Lic persistently trading at a discount or something.
we still believe there is substantial value being left on the table with this latest bid we are left incredulous by management’s willingness to engage in what amounts to a take-under at the expense of minority shareholders. With a vaccine in hand and a clear path to normalcy now in sight, there could not be a worse time to engage in a sale of VRL. This is the definition of a motivated seller, a position we attempt to avoid at all costs and yet management has welcomed it. In our opinion, to remove such substantial upside potential from the hands of shareholders with a re-opening only months away is an irresponsible act akin to a theft. Both management and the Board should be ashamed. We are grateful however for the efforts of Chris Mittleman particularly as well as Spheria, two minority shareholders who took an active role in keeping management’s feet to the fire and were perhaps the only reason we received an increased bid. Thank you.
Expand
Lots of LICs have traded at discounts. Most of them until recently. A lot have done buybacks and performed a bit better since March.

Most sum of the parts acquisitions have value left on the table as they contain some good assets and some bad ones.

CVF Price at posting: $1.02 Sentiment: Buy Disclosure: Held

Upvote

0 Great analysis

Top Stories

Most investors will get this earnings season wrong. Will you?

ASE

Astute delivers high-grade lithium hits at Red Mountain

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: CVF Monthly Update and NTA Per Share at 30 November 2020, page-4

Top Stories

Most investors will get this earnings season wrong. Will you?

Astute delivers high-grade lithium hits at Red Mountain

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Featured News