They were the first to comment on the merger by calling it a shotgun marriage, amongst other things.
Their comments about the merger were on the whole negative. But then again, they are seeking to redeem at NAV - anything less is just dragging out their cash out process.
Given the prospect of a conversion to an ETMF, off market buyback at NAV, or conversion to unlisted trust seems to be off the table, they will probably just go along with the process like the rest of us.
Things can't get worse, can they?
The share price of VGI, the manager, is on a relentless decline - like the rest of listed active fund managers on the ASX.
Magellan being the prime example of the dangers of being invested in a fund manager when a bout of poor performance hits.
I am sure the merged entity is going to face considerable headwinds in the current market. If you are a contrarian investor you would be paying attention.
I am still amazed at how quickly things unravelled for VGI. I was even more interested in the recent announcement (non announcement) about the negotiations being ongoing with Regal.
Something tells me Regal is going to squeeze every little bit of value out of this deal. They are in the ultimate power position.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)