Ann: VTG FY20 AGM Presentation and Trading Update, page-28

There is no doubt that the company is undervalued (EBITDA of 20m for 1h excluding jobkeeper), but it has been this way for some time & there is no guarantee of a rerate.

where did you find out about team invest recommending this stock? That would be quite unusual given no moat & their returns have dropped in the last 5 years (my understanding is they only look at companies that deliver stable growing earnings which as I said VTG has not delivered over the latest few years)