Looking at value, although not as popular as some of the bigger brands, VIT is very good value at these prices. I believe it is worth at least $1.60. If Musashi integration benefits are realised, which I believe so, as has been confirmed by VIT, this will add NPAT ~$3m per year. If it can otherwise grow NPAT by 10% per year (~$1.5m) in 2017, I believe it will trade above $1.60.
Technically, there is support in mid 1.40s, so barring any new bad news, appears to be value short and medium term at this price.
Ann: Investor Presentation-VIT.AX, page-41
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