The price is still depressed and volatile, which tells me the market isn't sure about VTG... is it a buy or is it a sell?
MF did report "The Vita Group Limited(ASX: VTG) share price has plunged over 5% to $1.40. Today’s decline could be in relation to Telstra Corporation Ltd(ASX: TLS) admitting that it misled up to 100,000 customers by charging them for content like games and ringtones many didn’t know they had bought. Many of these customers may have signed up at Vita-operated Telstra retail stores. I would stay clear of Vita because of this and its weakening core business."
But the market is often wrong over the short term, which is good for patient investors.
For me it is pretty clear. Accounts and cash flow look good, great CEO at the helm who is actively buying shares. I wouldn't be surprised if she buys a few more this week, they are now below the SP that Maxine recently bought at.
VTG Price at posting:
$1.26 Sentiment: Buy Disclosure: Held
