This is excellent news!!!The whole market priced the valad...

This is excellent news!!!

The whole market priced the valad capital services (VCS)business and investments at zero. Apparently every deal Valad invested in was priced to go broke and return zero the the company.

Now we have a situation that a note worthy party is poised to buy Valad's stake in Top Ryde. Valad provided a mezzanine facility on this project. I believe the amount invested by valad was about $60 Million. Word on the street (yes I accept this could be unreliable information)is that the take out figure could be somewhere nesr $40 Million. Whilst that is still a loss it also is not zero. that outcome still returns $40 Million to the company and is certainly a very long way away from zero which is reflected in the share price. Perhaps the other investments that VCS has may also return something other than zero.

This will return much needed operating cah to the valad business. I see this as a significant way forward.