I have been very happy with the stellar performance of VTG over the last 18 months. Since paying a handsome dividend it has taken a dive, and with the resurgence in the market in the last 2 days, has continued to fall. I have scrutinised the results balance sheet etc., and cannot see any problems, it is clearly beyond me and I seek your expert advice.
A: The fall in price for Vita Group (ASX Code VTG) coincided with the release of its profit result on 24 August. While this was very strong, the company cast doubt about its ability to pay any further special dividends (ATO has withdrawn the class ruling for dividends paid after 30 June).
I can’t see anything else – so sense this fall is just profit taking (after a huge run up in price).
