Vita knew this and sales of VTG shares would indicate its been known for some time and also one of the reasons for building the Health brand. 104 stores going back to Telstra at what will be a generous price in some eyes i suspect. The TBTC stores haven't been anywhere near as successful as hoped due to increased costs versus low market share in the medium to large business space.
You cannot hire high level technical staff , kit out shop fronts and then use them to sell 1 - 5 mobiles and an internet connection and be profitable.
Telstra will take them back, give swags of small to medium customers from their managed customer ports to the stores to manage as part of letting go of a the 6000 staff per their T22 strategy imo. That will generate a lot more revenue into those stores
So, Payout of cash to VTG, Growth tp TLS. it will work IF, the staff are motivated and trained once Telstra have them. Oh, and if customers haven't already voted with their feet and gone to Optus, TPG et al.
VTG Price at posting:
85.0¢ Sentiment: Hold Disclosure: Not Held