VPE is worth much more with its CSG part. IF someone would be/is keen to take-over VPE, they could easily sell off the part they would not like to keep, and at a very good profit - at least IMHO. Can work both ways, however. Somebody keen to purchase the oil part and spin off the CSG or the reverse.
For the time being, ITC will have to see what happens with VPE and their intentions (strategic stake only to block anybody else or full take-over bid forthcoming??). Time will tell as usual. Perhaps another party wants to take out ITC as well?? Interesting developments ahead and not too long to wait. Cannot understand why anybody would sell now - but then I have been thinking this since this whole accumulation process started and the accumulator(s) have bought very big parcels at - IMHO - quite low prices... Lucky for them and not so lucky for the sellers, I would presume. But then everbodys situation and aims are different, of course. I am happy to hold ITC (and it is only a bit unfortunate that I do not have any free funds to buy some extra shares, which I would like to do....).
wasa
VPE is worth much more with its CSG part. IF someone would be/is...
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