PPH - PushPay (Church/donor software.)

[sb9]

Nothing. Company will shunt them to the ASX for you.

And you only need look at XRO what happened when got shunted to ASX....

[Baa_Baa]

Wonder why Huljich family sold so many

[iceman]

Wonder why Huljich family sold so many

When you have made $300-400 million on your seed funding investment in one company, why not bank some profit ? Perfectly logical me thinks !!

[sb9]

When you have made $300-400 million on your seed funding investment in one company, why not bank some profit ? Perfectly logical me thinks !!

Exactly, same reason Rod Drury also sold down his holdings in Xero in couple of tranches from memory.

And what happened to sp since his sell down, went higher and higher. Big boys aren't dummies to participate in these kinds of sell downs knowing what's the growth curve ahead. Recent example of sell down is by founders of APT across the ditch.

[Cadalac123]

Perhaps, but within 24 months every founder and seed investor has been running for the door, just when the company has supposedly turned the corner and has become cash flow positive.

Is this actually a sustainable business that will deliver above average returns for investors over the long term?

At a $200m valuation I say it's "possible", but at $2b valuation it's nothing more than another tech bubble stock driven ever high by inexperienced retail investors.

Yeah because inexperienced retail investors are pumping the millions required to drive the stock price this high. I forgot all these guys have 6-7 figures to dump into PPH.

[sb9]

Reached first target price which is sell down at $8.60, i'm picking a test of $9 in the short term.

Disc - Took the pull back opportunity y'day to get back on the register after 4 years or so..

[tomm]

Reached first target price which is sell down at $8.60, i'm picking a test of $9 in the short term.

Disc - Took the pull back opportunity y'day to get back on the register after 4 years or so..

I am afraid it is gonna be long term on this.

[sb9]

I am afraid it is gonna be long term on this.

Yep, give it time.

[tomm]

Director resign today .

[Cadalac123]

Director resign today .

You mean a random independent director, who came on last august after another director resigned? after which the sp sky rocketed?

nice