VG Group1 Oct 2015 11:27
I suspect this deal was negotiated before news of the VG scandal broke. Indeed they might even have exchanged contracts 30 days prior, so it was a done deal. If they had taken advantage and 'swooped' on a VG dealer, could they have done a deal - (due diligence and legals and all) - so quickly? I doubt it. I sincerely hope this works out for them, but I sold out of VTU and CFYN when the news on VG broke. I just fear the implications will affect all the dealers. It is a great shame, as both were in great shape, and do not deserve to have their businesses affected by others greed and dishonesty. If we get market updates confirming no significant loss of business, and a strong outlook statement, then I will buy back in