ComSec's latest "Technology Focus" edition (issue #7) says the following on VGL (page 23):
1. The Board expects September dividend to be 4c (ain't bad for a $1.10 stock).
2. Volante recently won a 4-year $12m contract to supply Santos' entire IT infrastructure. Several other contracts have been won recently and are yet to be reflected in the company's revenue/profit figures.
3. Based on VGL's earnings projections and onging dividend yeld, VGL shares appear to be undervalued.
Well, if this is ComSec's view, it sounds pretty encouraging.
VGL Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
