I've been a loyal VLT holder for a long time, and finally it's...

I've been a loyal VLT holder for a long time, and finally it's pay-day.

I'm happy with these levels, so I'm offloading a fair chunk, probably leaving money on the table, but so be it.

I know we are trading at a 'discount' of around 15% (feels like a no-brainer arbitrage), but there's a part of me that's worried about the risk of someone propping up DTC to make this offer look super attractive now (I'll admit I don't know much about the company). It avoids others coming in with counter-offers, and makes shareholders on both sides happy, right? The offer for VLT IMO was cheap when announced, and now it's probably closer to fair value.

Regal are on both sides buying (change in substantial positions).... not saying it's happening, but I'm being cautious. I can't really understand why the SP popped 15% today, both of these results (quarterlies) were absolutely expected. If you weren't expecting these results you are an Ostrich.

Keen to hear the views of others. I'll carry what I have left to October, but will sleep so much better now.