herger Posted May 23, 2005 Share Posted May 23, 2005 Yep, another downward revision on forecasts is coming. Possibility of lenders pulling the plug cannot be ruled out if writedowns/loss is material. In any case I'd be surprised if VLL trades anywhere higher than the teens when it reopens. Link to comment Share on other sites More sharing options...
wind2close Posted June 21, 2005 Share Posted June 21, 2005 In reply to: herger on Monday 23/05/05 11:52am What a surprise...back trading today? and apparently, not broke? W2C http://www.sharescene.com/html/emoticons/wacko.gif Link to comment Share on other sites More sharing options...
aceisme Posted June 21, 2005 Share Posted June 21, 2005 In reply to: wind2close on Tuesday 21/06/05 12:24pm A lot of buying support at this price. Hmmmm......could this represent a good opportunity? Any thoughts out there? Link to comment Share on other sites More sharing options...
astoria Posted June 21, 2005 Share Posted June 21, 2005 From the selling....it appears that ITG and Austock are dumping the stock each selling around 2mil shares at pretty much any price...but lots of buying from smaller niche brokers. I have bought some more as I think at least now management appear to be coming clean and stating all the facts. Plus having ING in the corner can't hurt as they are going to take the good and the dud sites off the companys hands. only issue the income from the development profits is lost, but some of these may have also have been losses. Link to comment Share on other sites More sharing options...
aceisme Posted June 21, 2005 Share Posted June 21, 2005 In reply to: astoria on Tuesday 21/06/05 01:30pm Looks like it's heading for a strong finish. Lots of support at this price as I have said before. Can be worth a punt IMO. Link to comment Share on other sites More sharing options...
xerxes_ph Posted June 21, 2005 Share Posted June 21, 2005 In reply to: aceisme on Tuesday 21/06/05 03:56pm Huntley has just put out a 'sell / avoid' rec. on the stock - I would be careful with this one. (I don't hold and have no intention of purchasing VLL - too risky for me) Link to comment Share on other sites More sharing options...
aceisme Posted June 21, 2005 Share Posted June 21, 2005 In reply to: xerxes_ph on Tuesday 21/06/05 11:18pm Is this the same Huntley that had a buy rec. on MRL for the past 2 years? Link to comment Share on other sites More sharing options...
astoria Posted June 21, 2005 Share Posted June 21, 2005 2 more important issues : 1/ABN Buying (they were the largest decent broker) came out of Brisbane which could be directors 2/ITG sold an exact amount of shares approx 10mil and only 100k in purchases so hopefully they are out. Stock should settle now and recover into the new financial year. My tip is that its fair value lies between 35 - 50 cents but given the relationship with ING and directors intentions to turn the business around this could rise quickly if more deals are done to improve occupancy at existing homes. Link to comment Share on other sites More sharing options...
astoria Posted June 22, 2005 Share Posted June 22, 2005 ITG have sold another 600k today and seem to have stopped....this could be a good sign that an insto is out and the price may recover. Still decent buying from ABN Amro and the discount brokers Link to comment Share on other sites More sharing options...
console Posted June 22, 2005 Share Posted June 22, 2005 Everyones recomendations are to sell but there must be a price where its a good buy again. What price would that be? Link to comment Share on other sites More sharing options...
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