VTG have indicated 1H21 EBITDA of 32.5-34.5m and you would imagine if they were going to be materially different to that, they would have indicated to the market.....I'm hoping that given the strong retail environment (and also demand for Apple products) that they should exceed that forecast (but they should have informed the market if that was the case).
With ~36m in Cash at the end of Jun plus the EBITDA indicated about, they should have close to 45m in cash even with investment in Artisan.......5c dividend is ~$9m, so they could easily pay a special dividend (& make up for the missed dividend last year)....I'd rather they expand in the SHAW space to get scale (potentially buy out weaker cash strapped competitors or greenfield sites if they can get them profitable quickly....commercial rents are still low so hopefully they can take advantage).
VTG Price at posting:
$1.12 Sentiment: Hold Disclosure: Held
