Seems I probably shouldn't have written the post and just sold.
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from raskmedia.com.au
Pushpay said that the sell down will provide further free float and liquidity and is undewritten at a floor price of NZ$1.75 per share. This represents a 9.3% discount to the 5-day average price of NZ$1.93 per share, and a discount of 7.4% to the last closing price of NZ$1.89.
An indemnified underwrite whatever the hell that is?? Any ideas?
Unequally sharing in the cost or conditions before the indemnity is triggered (ie. underwriter has to hold, not dump??)
Nope ,but Craigs are involved. I declined the offer.
Looking at the recent A2 drama and insiders selling out massively, is a downgrade coming soon for PPH? Even their AGM statements about COVID are very similar ;)
I thought it was very clever how these chaps did the share split and then the sell down ...
Here’s hoping PPH starts a recovery, having nearly as much in PPH as I do in A2, my portfolio hasn’t been looking very healthy. At least my outlook for PPH is looking up :-)