I doubled my stake in mid november at 41c and urged readers on HC to do the same. VMG on track to pay 20% Ffr divs in FY09. I expect 6c in Feb and min of 6c in August. Many very solid companies were hugely oversold in Nov despite anns by management saying order books/revenue/profits for next 12-24 months were all on track. All resource/infrastructure service companies were lumped as hopeless and sold en mass. Bargains like this must be seized and i hope HC readers bought in.
Strong vols today and 14% price rise is no surprise. As we get closer to 2Q ann i expect SP will continue a steady climb towrds 80-85c. Several other companies in same situation as VMG and are worth seeking out.
I doubled my stake in mid november at 41c and urged readers on...
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