EVO - Evolve Education

[Cadalac123]

Wow! Just hit A13.5c.. NZ has lots of catch ups to do tomorrow.

Still some good margin of safety in here imo.
But we'll see.
Markets rallying a little too hard right now

Also extremely lucky for us holders the company did a capital raise
pre-coronovirus and also cancelled the newer acquisitions or we would
have been diluted like crazy below 10c

[Snow Leopard]

Ended at 12c if short term price movements are important to you.

Obvious not as good value as the 8c of three weeks ago.

But not unreasonable either.

[Scrunch]

Still some good margin of safety in here imo.
But we'll see.
Markets rallying a little too hard right now

Also extremely lucky for us holders the company did a capital raise
pre-coronovirus and also cancelled the newer acquisitions or we would
have been diluted like crazy below 10c

Well you could call it lucky, but a lot of companies pay a huge fortune to try and align the interests of senior management and shareholders. This alignment exists for Evolve.

If the alignment didn't exist, you probably would have seen sub-optimal deals go through.

[sb9]

Well you could call it lucky, but a lot of companies pay a huge fortune to try and align the interests of senior management and shareholders. This alignment exists for Evolve.

If the alignment didn't exist, you probably would have seen sub-optimal deals go through.

Couldn't agree more.

I doubt if open price here today (which is 12.9c) will align to close price on ASX though, as this stock is essentially driven from there..

[dreamcatcher]

Expecting a SP of 15c before FY results on 15th June....... lets see what happens ?

[sb9]

Monster volume y’day on ASX 53ml+ volume traded through. A big crossing of 50ml shares happened in the afternoon.

[dreamcatcher]

Monster volume y’day on ASX 53ml+ volume traded through. A big crossing of 50ml shares happened in the afternoon.

Yes huge sale equates to 12.77c NZ

[Snow Leopard]

Yes huge sale equates to 12.77c NZ

The 50m went through at AU$0.105 = 11.1 and a bit NZ cents

[Scrunch]

Monster volume y’day on ASX 53ml+ volume traded through. A big crossing of 50ml shares happened in the afternoon.

Very interesting. The two obvious potential sellers are Regal Funds and ACC. Regal Funds recently sold down from 121.6 to 105.3 and so they are the more obvious of the two. ACC dropped down to 48.6m in June 2019 but there are now enough shares on issue now that they could hold up to 55.9m and still be under the 5%. The trade occurring on the ASX tends to indicate Regal.

I think the Chris's would be restricted from trading before the rescheduled AR is announced on Monday.

The sale looks to have gone through at A10.5c (the daily WA was 10.55c) and the market liked the announcement - finishing strongly at A12c. This is consistent with Regal being who sold down so a lot of the overhang from them is gone. Has the buyer got an existing holding and need to disclose or will they remain just under 5%?

[sb9]

Very interesting. The two obvious potential sellers are Regal Funds and ACC. Regal Funds recently sold down from 121.6 to 105.3 and so they are the more obvious of the two. ACC dropped down to 48.6m in June 2019 but there are now enough shares on issue now that they could hold up to 55.9m and still be under the 5%. The trade occurring on the ASX tends to indicate Regal.

I think the Chris's would be restricted from trading before the rescheduled AR is announced on Monday.

The sale looks to have gone through at A10.5c (the daily WA was 10.55c) and the market liked the announcement - finishing strongly at A12c. This is consistent with Regal being who sold down so a lot of the overhang from them is gone. Has the buyer got an existing holding and need to disclose or will they remain just under 5%?

Yeah, one poster on HC confirmed that it’s indeed Regal that was the seller of that big lot.
So that will leave them another 50mln or so still holding. Wonder who’s was the buyer though, will find out next week for sure...