it makes you wonder , page-4

CER's NTA is 72c not 76c, btw.

Not sure what the market price will be on Monday.

However, the distinct difference between the two are:

-VPG is independent, not attached to any other entity that is currently controlled by banks;
-VPG can be a easier takeover target than CER;
-VPG's management have large stake in the company and their stake is expected to increase from Monday as the employee trading window reopens;
-VPG is not forced to sell assets though incentivised to do so due to the sliding margin scale linked to leverage.
-VPG is now fresh for a new start with strong liquidity position, and after having gone through non-core asset sale, cost cutting/streamlining initiatives ahead of its peers.