Nice Uptick with TSI India.
from 50 Mill Rev / 2 Mill profit last year to 21.7 Mill Rev / 3.6 Mill for the first half.
Whilst the 25% holding is currently valued at 5.5 Mill, by EOFY, the upper percentile Valuation could be easily justified at this rate, circa 7.5 to 9.5 Mill.
Pg3.
Vortiv will be conducting an Extraordinary General Meeting on 11 December to enable shareholders to vote on the proposed sale of the Business.
If the Company does not obtain shareholder approval, the Business will continue to operate as normal and the Company will focus on its previously stated strategy of organic growth and complementary acquisitions.
First time that's been stated in the last 6 announcements.
Will it be that simple?
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