good news at last, page-4

I think that the ongoing bagging of the management is unproductive. I have been as frustrated as everyone else about their lack of progress however the time to address this was at the AGM which has been and gone. VPG's real problems where created prior to the GFC. They could fairly be accused of having acted with incompetence and greed. They had plenty of company. What they did at the time was the norm for REIT,s many who have failed.
Management told me last week that they are getting strong interest in both Pentridge and Goldfields from potential equity partners. These are sought after assets and it is a case of when not if a deal is acheived to extract some capital from these developement investments.
Shareholders need to look forward and not back. It is inevitable that asset values will eventually recover and solve our problems regardless of what shareholders opinion of the management is.
I give management a big thumbs up for their result at Noosa.