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19-06-2019, 07:43 PM
#2091
All quiet here lately
Good news today ....a profit upgrade
That’ll help the share price
http://nzx-prod-s7fsd7f98s.s3-websit...282/301951.pdf
”When investors are euphoric, they are incapable of recognising euphoria itself “
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03-07-2019, 10:07 AM
#2092
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03-07-2019, 11:08 AM
#2093
The register will be opened out a bit further with Chris Heaslip's sell-down and I do not see that being a negative. It only amounts to 4.45% of the compay's shares anyway. Chris's influence will still be felt as a Director.
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03-07-2019, 11:26 AM
#2094
Member
Unless a dodgy co-founder is being kicked out of the company, it is never good looking that co-founders are bailing out.
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03-07-2019, 12:16 PM
#2095
Originally Posted by pg0220
Unless a dodgy co-founder is being kicked out of the company, it is never good looking that co-founders are bailing out.
He is selling down 41.2% of his holding, not bailing out. Realising some of his gains and diversifying is not a bad thing for him to do, given the amount he has invested in just Pushpay. He retains a sizeable parecel and this has been escrowed for 18 months.
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03-07-2019, 01:01 PM
#2096
Member
Originally Posted by SilverBack
He is selling down 41.2% of his holding, not bailing out. Realising some of his gains and diversifying is not a bad thing for him to do, given the amount he has invested in just Pushpay. He retains a sizeable parecel and this has been escrowed for 18 months.
yeah diversifying your investment is always good. If he is withdrawing his investment from PPH and putting it into somewhere else, wouldn't that mean he is now able to find better growth in other investments than what PPH used to be? It sounds like PPH is now settling its business rather than expanding business for further growth. I sold out a while ago and had this thought since back then.
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03-07-2019, 01:11 PM
#2097
He must have something in mind,with reserve bank rates being cut willy nilly I can't see anything worth while in the fixed rate markets,perhaps he has been offered a stake in Plexure!
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03-07-2019, 03:39 PM
#2098
Member
I don't have any problem with what he's doing.
He's been worth $100+M on paper for a while but hasn't had any serious money to spend....
His CEO's salary would have been OK, but not enough to buy the big house, cars, philanthropy or whatever else he's into.
And now he doesn't even have that, just some directors fees.
And PPH isn't going to pay dividends in the near future, so what is he supposed to do?
He can spend and/or invest $40M now. And get some dividends or diversification if he wants to from any investments.
Keeping 60% of his shares still shows huge faith in the company (pun intended)
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04-07-2019, 10:34 AM
#2099
Originally Posted by Nigelk
I don't have any problem with what he's doing.
He's been worth $100+M on paper for a while but hasn't had any serious money to spend....
His CEO's salary would have been OK, but not enough to buy the big house, cars, philanthropy or whatever else he's into.
And now he doesn't even have that, just some directors fees.
And PPH isn't going to pay dividends in the near future, so what is he supposed to do?
He can spend and/or invest $40M now. And get some dividends or diversification if he wants to from any investments.
Keeping 60% of his shares still shows huge faith in the company (pun intended)
Or get involved with a new startup in the USA.
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04-07-2019, 12:10 PM
#2100
Well supported and oversubscribed bookbuild, subject to scaling closing successfully, with 12.24 million shares held by Mr Heaslip’s associated interests being sold, at the clearing price of NZ$3.70 per share. Attracting bids from 13 institutional investors across New Zealand, Australia, Hong Kong and the US, as well as strong participation from retail investors.
I would assume this will be very positive and add further liquidity to PPH shares.
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