Hi Rainmaker...good to see someone here. This is a sleeper that has awoken in the last week. Have picked up 550,000 units at 27 cents and will be going to 1 million units. Management's past performance has not been great (red flag) but have done extensive research on Andrew Leyden , appointed CFO in May 2011 and you'll find he has been the missing piece in the operation that the double act CEO's have been looking for. Meeting with him in August - very exciting time's ahead for Vita. As you mention Telstra's mobile centric focus, half a billion spend on the 4G network, Vita's roll out of 100 Telstra stores predominately in regional areas - what other clues do we need ? Expected eps of 6 cents in this current year, assume a undemanding PE of 8, 65% payout in franked dividends. That's a 48 cent share price and 8% yield. Grossed up in my TRIP tax free super fund thats 5.65 ...ie.$31,000 return on $148,500 - 20% return.
VTG Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
