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Thread: PushPay

  1. #1021
    Gnawing on Bones Beagle's Avatar
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    Quote Originally Posted by iceman View Post
    When would you think this could be Beagle ? I don't think we are anywhere close to this with the strict NASDAQ rules and requirements. 2021-2022 at the earliest ?
    Weren't they talking about a an approximate 3 year timeframe recently ?

    I agree kizame, the chances of a takeover in due course are very high especially once its breaking even.
    Disc: Have a bob each way on super growth stocks with this and A2 with the same sized shareholding in each.
    No butts, hold no mutts, (unless they're the furry variety).

  2. #1022
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    insto bought in in ASX!!

  3. #1023
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    Quote Originally Posted by King1212 View Post
    insto bought in in ASX!!
    Yes, NAB bought thro' BNZ on NZX....they paid top dollar too $2.96 a piece for their 23Mln shares.

    Funny though, no notification on NZX only on ASX, wonder why...

  4. #1024
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    Quote Originally Posted by sb9 View Post
    Yes, NAB bought thro' BNZ on NZX....they paid top dollar too $2.96 a piece for their 23Mln shares.

    Funny though, no notification on NZX only on ASX, wonder why...
    On the NZX now. Good vote of confidence

  5. #1025
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    So looking at the detail of the NAB notification - bought the first 200k @ $2.10 back in Aug. (I remember that day when it spiked through $2.00, then dropped back to low 1.90s). Then 8 mio at $2.96! ?? I donít think 8 mio have even gone through at that level or above, have they? Iím which case the executing broker FNZC, might be quite short still and scrambling to cover if it pops above $3 mark again!

  6. #1026
    老外
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    I think we should be reading more into this. This is a large bank. PPH is a payment company. Banks offer payment services among other things. It could just be coincidence that a bank wants to take a stake in a payments company, but it could definitely be something more... partnership? Potential take over?

  7. #1027
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    I think it unlikely that the bank is the ultimate owner. More likely they are acting as a custodian for a fund manager somewhere. NAB was the largest custodial bank in Australia until recently. Still a good sign though, I believe.

  8. #1028
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    What to make of this announcement the other day then? Coincidence that it relates to 8m shares?

    Does this mean Eliot Crowther is using the 8m shares as security for a loan to go buy a Ferrari?

    "Change in Relevant Interest - Eliot BarryCrowther and Crowther Trustee Limitedhave entered into a Letter of Advice anda Loan Facility Master Agreement dated29 September 2017 and a SpecificSecurity Agreement dated 4 October2017 with Bank of New Zealand underwhich Eliot Barry Crowther andCrowther Trustee Limited granted asecurity interest over 8,000,000 sharesin Pushpay Holdings Limited held byFNZ Custodians Limited as custodianfor the Crowther Family Trust and theproceeds of those shares in favour ofBank of New Zealand as security forpayment of a loan facility."

  9. #1029
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    Quote Originally Posted by Longhaul View Post
    What to make of this announcement the other day then? Coincidence that it relates to 8m shares?

    Does this mean Eliot Crowther is using the 8m shares as security for a loan to go buy a Ferrari?

    "Change in Relevant Interest - Eliot BarryCrowther and Crowther Trustee Limitedhave entered into a Letter of Advice anda Loan Facility Master Agreement dated29 September 2017 and a SpecificSecurity Agreement dated 4 October2017 with Bank of New Zealand underwhich Eliot Barry Crowther andCrowther Trustee Limited granted asecurity interest over 8,000,000 sharesin Pushpay Holdings Limited held byFNZ Custodians Limited as custodianfor the Crowther Family Trust and theproceeds of those shares in favour ofBank of New Zealand as security forpayment of a loan facility."
    I think that is just a coincidence that the 8m shares volume line up. The announcement says BNZ/NAB now holds over 14m shares and it says that they paid cash of $23.7m on 11/10/2017 for the 8m shares they bought, the statement above is mearly that the 8m shares are being used as security for a loan.

  10. #1030
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    My take is that Crowther borrowed against the shares, rather than sell them. They probly only lent him 50% so he must be quite bullish.

  11. #1031
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    Oh and I think the 8 mio shares isnít a coincidence but an off-market transaction between Crowther and BNZ. So not meaningful to the price action.

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