CER's NTA is 72c not 76c, btw.Not sure what the market price...

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.