Materially undervalued at current prices: Here's why, page-4

I'm not necessarily disputing the fact that 134m MC seems to misprice what VTG assets are worth, but I do wonder whether with a shelf life of (only) 4 years whether the ICT stores can be valued at 2.5 times EBITDA.

VTG may have paid something along those lines, but their assumption going into that purchase would have been a business with economics beyond the 4 years that they currently face.

Still holding ~1/3rd of my original holding and reluctant to let go, but mgmt really need to do a better job of communicating with shareholders; it's been over 2 months since the Telstra news and there has been nothing from mgmt (even if they just indicated they have accelerated SHAW would be a decent start!)