costs, page-9

seer-you know as much as me,what are the directors spending
a weeks remuneration or less at current prices,big deal,the income is the big bonus and to think they had the gaul to do a charles dickens.

as for statements about profit,vpg is a complex financial instrument,it is all so reminiscent of afg and their announcements that you should be forgiven for thinking they read all statements out of a handbook.

shareholder value is in eps not group nta,the
nta is under significant threat,value adding creates significant threat, they do not value add in the same manner as wdc,working on thin margins and incorporating the ongoing sale of assets and development assets in an exceedingly difficult market ,with the potential to breach debt covenants,yes there will be debt covenants.
yes seer i would venture vpg are almost a vulture feed,and if you look closely at the sp. how it is being mananged with huge blocking stakes,i would even venture there is more than one flock of vultures waiting to pick over the leftovers should it falter and move into a death roll.

so in summation ,i can only say vpg has value to the extent
of your definition of value,originally i had vpg as a cornerstone investment ,which cost me a fortune in 8minutes
thats how long it took to travel to 8.2c from 23 and i purchased well above,clearly i did not consider the world climate,so i only offer a point of view