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Old 4th Jan 2010, 02:51
  #120 (permalink)  
600ft-lb
 
Join Date: Dec 2007
Location: The Bubble
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It is interesting to note the total investment return from VB shares over the past 12 months is 132.8%; whereas QF is 17.6%.

In fact the QF total average annual return per annum over the last 10 years has been a paltry 4.8%. After allowing for inflation and taxation on the dividends beyond the franking credits you would be in a loss situation.
I think you'll find the VB share price was as low as it was because the market considered it to be INSOLVENT for quite a period. If the GFC lasted longer, VB wouldn't of.

If the shares you originally bought at $2.60 dropped to 17cents in 4 years, would you be gloating ? $2.60 to where it is now 56cents or so is still nothing to gloat about. Well done VB, share holder value has been destroyed well and good, great success.
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