VTG 0.00% 8.1¢ vita group limited

This is a terrible announcement. No explanation as to what the...

  1. 269 Posts.
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    This is a terrible announcement. No explanation as to what the 10% applies to. Just read a Morgans quick analysis suggesting it would reduce EBITDA by 10% but this is clearly wrong - the figures must relate in some way to revenue (at least to the 70% or so that comes from retail stores). In which cases it can surely wipe out EBITDA and make them heavily loss making by 2020 in the absence of cost cutting or increased sales apparently available. VTG should explain further what % of their revenue is affected on a pro-forma basis. Impossible to analyse until more clarity on that front.
 
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Currently unlisted public company.

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