Ann: Sale of Retail ICT and Sprout Business, page-46

Yes, you would think so..


This is all fascinating to me...

@ 80c, with 166m SOI, that means the market is valuing the whole box and dice at 132.8M

So we have

ICT deal with TLS: 110M
Net Cash: 35M
Franking credits: 22.5M (30% of FC balance, of 75M)
Artisan Business: circa 30M

Sums to circa 200M in value, with 170M of that effectively in cash, yet you can buy it all today for 133M......


Way to go VTG management group, what a terrific example of value destruction we are seeing currently.