IM have added to their VSL holdings because the opportunity was too good to miss. When you have 17% of a company you don't always continue buying. Just because they were buying at $1.05-$1-10 doesn't mean they think it's overpriced at $1.20. It's the opposite, they have got in on the ground floor and now will wait for the true value to emerge going forward.
I can foresee higher EPS growth and dividend growth in the future if the business plan is executed correctly, and it appears they are on the right track.
I hold for the medium to long term.. My opinions only.
Do your own homework on VSL
vsl - im ups it's stake, page-4
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Last
$6.69 |
Change
-0.120(1.76%) |
Mkt cap ! $879.1M | |||
| Open | High | Low | Value | Volume |
| $6.85 | $6.86 | $6.64 | $1.046M | 156.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2961 | $6.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.69 | 673 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| VSL (ASX) Chart |