"PPH has requested the trading halt to facilitate a bookbuild for the sale of a significant combined shareholding in PPH by two existing shareholders."
https://www.nzx.com/announcements/365006
Be interesting to see what price it goes through at. I have a feeling it could get pretty punished once market reopens.
Not much to like about this:
- Don't like the size of Heaslip's residual holding... was probably too small prior to this
- Early release from escrow
- Fowler, having come from Church Community Builder has sold down half of his remaining stake
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.
Not much to like about this:
- Don't like the size of Heaslip's residual holding... was probably too small prior to this
- Early release from escrow
- Fowler, having come from Church Community Builder has sold down half of his remaining stake
Tells you how much faith they have left in the growth prospects of the company...actions speak much louder than words.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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
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 :-)
Originally Posted by dreamcatcher
Mine are all free held fortunately
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