Nice post! thinkloudly.I guess the rumour about a buyer offering...

Nice post! thinkloudly.

I guess the rumour about a buyer offering an opportunistic 18-20c/share acquisiton price is not out of nothing. There maybe an increased offer from the same buyer, or another offer from other parties under the current envionrment of likely consolidation in the property sector.

The potential of such things happening may help generate more attention and interest in VPG.

As VPG is accumulating cash, they put them in a better position and provide them with more flexibility and bargaining power with the banks. At the very least, it will help them lowering their borrowing costs and refinancing prospects, as well as provide some financial buffer in the worsened economic environment, if not anything else. They will maintain individuality (without having to be controlled by the banks) and re-emerge stronger after the economic downturn.

Remember the punitive margin and fees the banking syndicate was charging CNP (and CER), which even led to issuing of shares of 14.9% at 15c to the banking syndicate.