wbc & btt must see value

Hi HC Posters. Both of these companies have significant common interests. Westpac financial Services is shown in last annual report as 60% shareholder of BTT. BTT also manages some of WFS funds. WBC owns WFS. Imo think we can treat the combined sum of both BTT & WBC interest similar to one shareholder. There is valuable synergy between these fund managers and VPG as they all have RE funds and are fund managers. The price is opportunistic because VPG sp does not reflect the value of their fund management business. Plus we are all aware the REIT sector is moving and VPG NTA is heavily discounted. Therefore imo this is good news for VPG and the new shareholders will start taking a greater interest in what management do as they increase their stake and or their profit from VPG.