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11-02-2019, 01:38 PM
#2351
The notice of mopping up shares below marketable quantity was made on the 8/11/18 with the proviso that the would not do so for 3 months. So they bought them right on time. I suppose the three months was to give those share holders time to increase their holdings.
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11-02-2019, 01:50 PM
#2352
Given these are non-marketable parcels, I assume there are cost savings from mopping these small holders. Has anyone got any idea what these savings might actually be?
From the annual report (which is now obviously out of date) they had 294 holders with less than 1000 shares, comprising 77489 shares. They only bought 71421 shares so obviously didn’t quite remove 294 holders, but maybe they cut the register by about 20%.
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11-02-2019, 02:25 PM
#2353
It would be interesting to know what the savings would be. In the old days it would have been postage and communication costs. Not so important now. Do share registers charge per shareholder still?
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11-02-2019, 04:19 PM
#2354
Member
They'll save a bit on admin and importantly boost their treasury stock at a good price.
I think they'll exceed the last 6 months half's profit given the strong growth and recurring revenue.
So maybe $2.4m net for the 12 months. So just 14x profit at today's valuation for a company that's growing strongly and with $6m in the bank.
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22-02-2019, 04:57 PM
#2355
Plexure CEO, Craig Herbison is speaking in Auckland. Details here:
https://www.sharetrader.co.nz/showth...l=1#post748611
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26-02-2019, 04:51 PM
#2356
Scobie Ward increases its share holding by 25.6% they must see something very worth while as they now own 13+ %, hmmmm whatsup !! ? should be a boomer next ann imo !
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27-02-2019, 11:50 AM
#2357
Originally Posted by whatsup
Scobie Ward increases its share holding by 25.6% they must see something very worth while as they now own 13+ %, hmmmm whatsup !! ? should be a boomer next ann imo !
Along with the founder selling a swag of shares as well. Maybe you might wonder why Scott would choose now to unload 2m shares reducing his holding by 1.764% to 7.683%. Doesn’t speak to his long term confidence in PLX.
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27-02-2019, 12:06 PM
#2358
Member
Originally Posted by Baa_Baa
Along with the founder selling a swag of shares as well. Maybe you might wonder why Scott would choose now to unload 2m shares reducing his holding by 1.764% to 7.683%. Doesn’t speak to his long term confidence in PLX.
NONSENSE. Doesnt run the show anymore. Still has plenty and doubtless is just being prudent, as he funds his next enterprise.
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28-02-2019, 02:17 PM
#2359
Member
Originally Posted by noodles
Did anyone attend the presentation? If so any feedback? Thanks
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01-03-2019, 10:40 AM
#2360
Originally Posted by Lola
Did anyone attend the presentation? If so any feedback? Thanks
Lola, Judging from the price action , nothing of interest was reported that excited those present !
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