VTG 0.00% 8.1¢ vita group limited

Ann: Trading Update 1H FY16 and Next Byte closure, page-5

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  1. 2,483 Posts.
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    In Dec last year Maxine Horne's shareholding reduced by 12m shares pursuant to a court order. In the same announcement David McMahon ceased to be an associate, he was listed as 'former spouse'.
    A separate announcement was then lodged by David McMahon as a notice of initial substantial holder where he disclosed an interest of 12m shares.
    Today in the course of sales the exact holding size went through as a crossed trade at $1.95.

    As for what it's worth, it's now trading at around 11x underlying guidance. I expect growth in FY17. I don't like to put a target on things as the information always changes but I think the current PE is too low
 
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