orbis, page-10

We probably should not place so much significance on the 18% holding that Orbis have made into Valad. To keep it in prospective this only reprosents 2% of their ASX fund. They have also made similar punts on CER and MDT(where they have lost 2/3 of their equity)to mention a few. They are huge players happily investing other peoples money on high risk investments. Unlike the rest of us they have enough scale to diversify and reduce their risk.
What is more important to us is that Valad management delivers what they promised in their half year results and we see improving revenue which has to happen before we have any chance of dividends being reinstated. With the benefit of the capital raising and improving markets there are lots of options available for them to acheive this.They earn huge salaries and are obligated to do what it takes to turn this company around.I only hope that this is their focus, as this is what it will take to get the share price back up towards its nta.