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As a sign of quality, Vita Group has been growing its earnings half-on-half for the past 10 periods and this year was no exception

Pie Funds

Pie Funds

As a sign of quality, Vita Group has been growing its earnings half-on-half for the past 10 periods and this year was no exception. Recent store acquisitions, which are delivering greater profitability under Vita ownership, improvement in Next Byte, and contributions from business have added to the developing story. You may see us trimming Pie's position, but it's only because the weighting has become too large in the funds, and does not reflect our view on the outlook for Vita; a good problem to have. With the potential for a special dividend later in the year, over 50% forecast growth in earnings, a p/e of less than 10x it's fairly obvious why we want to hang on to this one. At $1.00 with the potential for 12c EPS in FY15, a similar sized dividend and strong balance sheet I'm still really excited about Vita. More detail in our newsletter: (VIEW LINK)


Pie Funds
Pie Funds
Pie Funds

Pie Funds is a boutique Investment Manager. We are committed to our investment style and ignore the crowd. All our clients are treated with respect and we understand that choosing an investment manager is a big decision with important consequences...

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