VIL - Veritas Investments Limited

[winner69]

Mr Cook and Mr Moore showing faith with their little buys at cheap prices

Buy when management / directors are buying I'm told

[Beagle]

Mr Cook and Mr Moore showing faith with their little buys at cheap prices

Buy when management / directors are buying I'm told

Almost meaningless at that tiny volume mate.

[Yeshiva]

Agree with Roger. If they spend $100k apiece I would have been impressed but this is not enough of a signal. If anything, it suggests the directors are half-hearted about the company's prospects.

[percy]

This weeks "Taking stock" at www.chrislee.co.nz covers VIL.Scroll down the page to find it.

[Balance]

This weeks "Taking stock" at www.chrislee.co.nz covers VIL.Scroll down the page to find it.

Backdoor listing, former Dorchester Pacific manager (so disciple of Brent King of Viking Capital and various failed ventures like ICP Bio) - no wonder VIL is a disaster.

[Beagle]

This weeks "Taking stock" at www.chrislee.co.nz covers VIL.Scroll down the page to find it.

Thanks and to his credit he was predicting many, many months ago that this business structure was an unlikely recipe for success. Perhaps he read a few of the views many have expressed along similar lines on here

[Sideshow Bob]

Thanks and to his credit he was predicting many, many months ago that this business structure was an unlikely recipe for success. Perhaps he read a few of the views many have expressed along similar lines on here

Really, what is their core business? Running bars? Not anymore! Running up upmarket small grocery chain that was failing? Hmmmmm. Owning 50% of a burger making facility? At least some synergy to their largest business. Franchising a butchery? Making hard work of this!!

From their website: ~Veritas was repositioned in December 2011 to identify high quality acquisition opportunities, principally within the retail and consumer sectors in New Zealand. Veritas’ key criteria for investment is to identify established businesses with strong, sustainable cash flows and considerable future growth opportunities, whether by way of organic growth or acquisition

If they followed this, the shareholders should all be eating fillet steak! Or maybe they are getting ready to bid on Dick Smith?

The Butcher will be the Mad, Mad, MAD Butcher!! But happy to be out of it.

[Beagle]

Not an issue because of course it doesn't affect underlying net profit after tax (NPAT) for continued operations for FY16.

Underlying means you ignore all the bad stuff .... and of course these bars are not continuing so you can ignore those as well

All honky dory as markets are forward looking eh .... judge and value the company and its future prospects on underlying business only .... the driver of future profits eh

Wonder what the next 'not continuing' is?

More big write-offs...there's a surprise isn't it, (sarcasm intended). https://nzx.com/companies/VIL/announcements/278208 Maybe I'm losing count, there's so many one-off's and with so many more to come maybe they're pushing the definition of what's a one-off extraordinary item to an all dimension ? PWC will chalking up many, many hundreds of chargeable hours with senior personnel @ over $500 per hour but that's all good because that's a one off too isn't it....or is it ? Ostensibly being operated and reviewed at the behest of the ANZ bank IMO. Shareholders will be hoping PWC can clean up the mess these wonderfully value adding directors have made. http://www.sharechat.co.nz/article/b...aturities.html

[benjitara]

Intangibles 30mil? what is that made up off?

[Balance]

Intangibles 30mil? what is that made up off?

All the goodwill paid by this bunch of amateurs on businesses bought with gusto and with other people's money (including the bank!).