morning star initial impression of the results, page-4

If (when) vpg gets added back into the index, that should be interesting. Orbis hasn't apparently increased it's holdings based on index inclusion, and presumably the same for other insto accumulators. On this basis, the longer the current insto accumulation continues, in theory fewer 'disposable' shares remain. Once vpg is added back into the index, assuming other investment houses that proportion their holdings based on index weightings/inclusion, could see some quick pressure to buy in from whatever pool remains. Only an opinion, but instos have always been the majority holders - as quick as they dumped in 2008, might just see a reversal down the line. Of course insto investment requires dividend payments, but for one assuming the agm report in 6 months shows both increase in income, positive profits and no decrease in valuations, I'd be hoping for both a small div and inclusion in the index by year's end. Again, only my opinions and as a 7 figure holder, should be entitled to one or two of them!