Those share placements seem very profitable for a couple of directors of PPH.
At least 2 directors got an allocation.
Graham Shaw a director managed to get over 1.3 mil share allocated for $2mil at the price of $1.51
Graham made over 30% on his purchase in just a few days.
The directors decided to do the capital raising as a share placement.
This shuts out many share holders of the opportunity to take part in buying shares at a discount.
If the same directors then take part in buying those discounted shares would that be a conflict of interest?
As a director of PPH the capital should be raised at the highest possible price for the additional shares however on a personal bases a lower more discounted price for the new shares would be an advantage.
Agree 100%, I'm one of those disgruntled holders who is annoyed for not looking after small holders interests.
Agree 100%, I'm one of those disgruntled holders who is annoyed for not looking after small holders interests.
sb9 - you should know by now punters like us don't matter to outfits like Push. We are actually a bit of a nuisance but serve our purpose in enriching a few.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
sb9 - you should know by now punters like us don't matter to outfits like Push. We are actually a bit of a nuisance but serve our purpose in enriching a few.
Yes winner, I hear you load and clear...better managed companies like ATM did give punters a chance be part of SPP albeit actual allocation being minimal and also recent HBL capital raise.
All I'm saying there should've been a small pool of say $5mln or so allocated to retail holders...
Yes winner, I hear you load and clear...better managed companies like ATM did give punters a chance be part of SPP albeit actual allocation being minimal and also recent HBL capital raise.
All I'm saying there should've been a small pool of say $5mln or so allocated to retail holders...
Too much mucking around and would be expensive for this "small" placement..e.g creating prospectus, mailing out..etc and there could be regulatory issues...(USA may not be able to participate? for one)
Those share placements seem very profitable for a couple of directors of PPH.
At least 2 directors got an allocation.
Graham Shaw a director managed to get over 1.3 mil share allocated for $2mil at the price of $1.51
Graham made over 30% on his purchase in just a few days.
The directors decided to do the capital raising as a share placement.
This shuts out many share holders of the opportunity to take part in buying shares at a discount.
If the same directors then take part in buying those discounted shares would that be a conflict of interest?
As a director of PPH the capital should be raised at the highest possible price for the additional shares however on a personal bases a lower more discounted price for the new shares would be an advantage.
I agree 100%. I've decided the hype has faded for now and I am disappointed they have pushed out their break even date by a full year so have booked profits and I am out for now.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I agree 100%. I've decided the hype has faded for now and I am disappointed they have pushed out their break even date by a full year so have booked profits and I am out for now.
Things do change, but you have to ask yourself has the fundamentals and does it matter if break-even is a different date if it means more growth?
Last edited by silverblizzard888; 20-07-2017 at 05:25 PM.
Hard to see the Elliott waves that you see if you don't mark up the chart
BAA
Attachment 9005
very rough sorry, but hopefully will assist in seeing with my eyes.
As I said, I dont really expect this to happen but theoretically over the next two years it should go to $4.86.
Originally Posted by forest
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