EVO - Evolve Education

[Beagle]

You're getting a nice feed out of this one.

[dreamcatcher]

Director Chris Sacre increasing holding from 37M to 47M on-market trades

[silverblizzard888]

Director Chris Sacre increasing holding from 37M to 47M on-market trades

Thats confidence!

[dreamcatcher]

Thats confidence!

Chris Sacre and Upton124 Pty Ltd...........total number held in class: 62,180,500

Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Between 21 May 2019 and 8 July 2019, Upton124 Pty Ltd acquired shares through the following transactions:

1. Acquisition of 1,180,000 shares for NZ$0.085 per share (the consideration being NZ$100,300 in aggregate) on 17 May 2019 pursuant to the institutional entitlement
2. Bookbuild component of the accelerated rights entitlement offer announced by Evolve Education Group Limited on 8 May 2019.
2. Acquisition of 37,000,000 shares for NZ$0.10 per share (the consideration being NZ$3,700,000 in aggregate) on 6 June 2019 pursuant to the retail entitlement bookbuild component of the accelerated rights entitlement offer announced by Evolve Education Group Limited on 8 May 2019.
3. Aggregated on market acquisitions of 9,010,500 shares for total consideration of NZ$1,106,627.37 between 13 and 17 June 2019.
4. Off market acquisition of 14,990,000 shares for consideration of NZ$1,967,437.50 on 8 July 2019.

I am 'Well positioned' and much better percentage to date then SUM others

[Scrunch]

The acquisition as part of the book builds were at $0.085 and $0.10
Average price for the June purchases NZ$0.1228
Average price for the July off-market purchase NZ$0.13125 (or about A$0.125 and an exchange rate of just over 0.95)

The average price Chris has been prepared to pay has increased

[Snow Leopard]

20 Dogs That Hate Mondays

[Beagle]

I had a look at the TA and noted it looks ugly. Turning their occupancy rate around is the key and I think its like turning the Titanic around. Doesn't matter how experienced the skipper is if the rudders are too small. (My less than cryptic way of saying there are systemic issues within the company and the industry).

[Ggcc]

The only thing I feel about investing in this share is "Danger Will Robinson, Danger!!!"

[silverblizzard888]

Chris Scott as MD
Chris Sacre as Australia Country Manager

Looks like the two Chris are slowly taking over the management of the company.

https://www.nzx.com/announcements/339273

[Scrunch]

Chris Scott as MD
Chris Sacre as Australia Country Manager

Looks like the two Chris are slowly taking over the management of the company.

https://www.nzx.com/announcements/339273

All good in my book. Many companies pay a fortune in shares and performance bonuses to get senior mgmt to have skin in the game so their interests align with shareholders.