Vector Limited (VCT)

[beacon]

Position opened

[etnom]

Vector does seem to be working on adding value.

http://www.stuff.co.nz//4399750a13.html


Disc: Hold VCT Shares

[Deev8]

The result if is out.
Around $90 M half yr profit and 6.5 cents div.

NPAT is down 18% on the first half of last year, but that's around the result that had been forecast. The interim dividend is the same as last year.

[tsb]

A bit suprised to see the sp drop to $1.99 - has to be a steal at these levels

[Steve]

At least the shareprice closed the day back above $2.

[BDLBOM]

It is a steal at these levels, picked up more shares for my portfolio.

You have to love the newspaper headlines.. "Vector Profit Drops 18%" ... and the mum and dads panic... LOL

Bought more too and would buy even more if I had the readies. Amazing to see the sheep panic without looking behind negative comments.

[beacon]

Position closed

[tsb]

Well ok just few more at 1.94. About 3 weeks from the record date and hopefully some progress on the wellington lines sale.
I was wondering how the auckland loop would be funded - I would have thought that a rights issue was not possible - perhaps the debt level wont be reduced as much as previously expected!

[Bilo]

PE is approaching single figures which has to be fantastically oversold for this stock. Where is the money Dr Cullen? You took it from all those individuals who wanted to invest in Vector, and sent it overseas...

[Steve]

VCT's broken through the $2 support level, dont know how low it will go. Will keep and eye out and pick up more when it bottoms out. Div is looking better as the price goes lower.

Definately on my watchlist now. It's just down to the timing...