Originally Posted by
etrader
ACC becomes 6th largest shareholder in one swoop making it the first institution from what I can see, this is based on last years annual list.
ACC is not only a provider of health care but an investment vehicle that invests into listed companies to get uplift which boosts ACC fund.
Prior to this off market transaction pys had around 65% of their shares held by founders, key staff and their leadership, I see this move as positive and not a sell down of the founders but a gradual easing to allow more liquidity to the shareholders.
POC is currently in its gen 2.0 beta build phase which coincides with the Oz launch meaning multi jurisdictions can be processed for various offshore tax systems, this 2.0 is the same that will get imbedded into a potentially new employment software business.
Asantha has separately transferred smaller holdings to various key staff and even family members which has given others the opportunity to get some skin in the game.
Could it take 6 months for the POC update ? Or could it sync with their annual report due late may who knows but I’m at least staying positive that they have a way of scaling up new customers as the 7% growth is way to low.