For those of you who didn't read my post that was deemed rude and unprofessional which has now been removed from Hopcopper, here is the moderated version...Just for the record, I don't really see how one could be offended just because someone else has a different point of view...
As I mentioned, I own both VRL and VRLPA but I disagree with Dan
Firstly, YOU may be recieving a dividend of 10% but the yeild on current price is about 5%. I bought CBA shares 15 years ago at $10, does that mean I am now getting a 30% dividend?
On what basis are you price predictions of 2.30 to 3.00 by end of Nov?
The only way this could be achieved is by parties other than the management buying the shares. if you read the buy back annoucement properly, you will see that there are ceilings on what price the buyback can occur at which will not be anywhere near even 2.30.
In the longer term, I agree, $3 is realistic, but this will only happen in 12 - 18 months.
PS. I would love nothing more than at the end of the Novemeber for Danlupi to say "I told you so"...but I doubt it!
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