Forum Topics VRT VRT VRT - Takeover Offer
reddogaustin
Added 3 years ago

@Noddy74

My unsolicited advice regarding VRT and the takeover offer - take the sugar hit of +30% and jump ship.

I held VRT for many years under the thesis that a) they're the biggest, b) they have existing international operations and c) IVF is emotional meaning people pay whatever they need to to get success.

After my five years of holding, I realised it is a company with great potential, but it is run by doctors whom are not business people and so its opportunity to remain the market leader continues to erode. It pays some good dividends which propped its performance up on Sharesight reports... but ultimately I moved on.

Also, as you rightly point out, due diligence can find things that torpedo the buy out...

Disc: no longer held.

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Noddy74
Added 3 years ago

@reddogaustin, already out (IRL) as I put a sell order on it at less than a 2% discount to the offer and surprisingly it hit that yesterday. That may suggest the market expects a higher offer to follow but I'll let others play that game as I've moved on and will redeploy somewhere else. Will reflect the same on SM at some point.

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reddogaustin
Added 3 years ago

I don't think you'll regret doing that at all!

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