I understand the Chairman and CEO are travelling visiting the SE Asian sites.
It has been concerning at the 'glacial' pace of 'growing the business' as outlined in the reports, slide presentations etc over the last 2-3 years.
It is 18 months since they announced a relationship with Jointown Pharmaceutical in China to enter the Chinese market. What has happened? Zilch, Zero so it seems.
Delays, time lost has an opportunity cost to the business and shareholders. One wonders whether the current CEO is really up to the job.
We only have to look at the advance of Blackmores (and its share price) to see what is possible. The full year (31 Dec 2017) results to be issued later in February, should likely be around same time as last year, about 20th?
VLS Price at posting:
74.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)