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You would think that the stake in TSI is the only significant...

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jonkey1995

3,885 Posts.

241

13/04/21

17:14

Post #: 52437469
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Originally posted by aventurine: ↑

How McLeod continues to fly under the radar beats me, but he does.

And still there is no ATO advice on the Capital Return structure (as at 26/3/21) prior to Monday's meeting.

HD claims they expect to have $750-800k cash remaining for going concern purposes.

With a new Chair and JL having resigned - who is the intended VOR rep on the TSI board?

It sort of feels like a fire sale of TSI coming up despite the significant increases in Underlying EBITDA in the Sept & Dec quarters. As they state the "continued potential upside upon realisation of your company's 25% share in TSI India". They seem determined to sell the stake and now with a new Chair they have a longer window to potentially do so.

I wonder if TH has any tricks up his sleeve?

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You would think that the stake in TSI is the only significant asset now. To sell it would require a vote. I think it is a game of attrition, but TH is not giving up. I will hold to ensure my vote counts, for what it is worth.

Cheers

VOR Price at posting: 13.5¢ Sentiment: None Disclosure: Held
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