I guess the more telling picture is market cap - this is now around four times more than pre-entitlement. A price of $1 is implying VBA is a $2.2 bn company. That's 11 times earnings on their best year ever. I'm a big supporter of VBA they've got a great business - there is a (overdue) re-rating going on here but $1 seems over the odds. Hope I'm wrong - if it hits $1 I'll be long gone. Good luck to all.
take over, page-9
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