spoke to company rep- citadel communications
key points from him
-some instos have been selling out after listing. Market over reacted on the upside(went to $3) and high expectations were priced. Now market is over reacting on the downside as high expectations not met so quickly(just listed).
China $20bn market still potential remains, VIT's current china penetration is only circa $25m.
-Also a slight trilogy surprise contract loss, albeit minor, enough to trigger a sentiment shift.
-Down moves trends, often bring new panic sellers and further selling.
-Company on track for FY16 prospectus and longer term. Company is aware of the poor SP performance and will try to put out announcements when appropriate(e.g. musashi integration or 4Q dairy extended range, or new products etc)
spoke to company rep- citadel communications key points from him...
Add to My Watchlist
What is My Watchlist?
