PPH - PushPay (Church/donor software.)

[babymonster]

Buy on the rumor and sell on the fact

[King1212]

Buy on the rumor and sell on the fact

Profit taking..not to worry if u r a long term holder...

[Jinx]

Am I missing something for today's share price? The companies employees have taken on more shares after a stellar ACMR increase

[nextbigthing]

Am I missing something for today's share price? The companies employees have taken on more shares after a stellar ACMR increase

Jinx, this is my understanding. There's two types of shares. Ordinary and those in escrow (which basically means in this case ones that couldn't be sold yet). Together, ordinary and escrow make up all of the shares on issue. Previously 30.027% of all the shares issued were escrow shares. After this announcement, approx 1.5% have come off escrow and can now be sold (leaving 28.578% on escrow still). So all that has happened is they have changed designation from escrow to ordinary shares. The total number of shares on issue has not changed at all, just their designation.

It gets a bit confusing because the total number in class and total number of shares appears to have changed. This is because they've gone through a 1:4 split. Ie for each share held at the last disclosure (Oct 2015) everyone got 4 shares instead. If you multiply the total in class number in the last announcement (Oct 2015) approx 57.7M x 4 = 231M (231M is new announcement figure). So the total issue hasn't changed at all. 1.5% of the escrow shares are now ordinary shares which can be sold on market and the total holding got multiplied by 4 in an earlier split, just to confuse people like us.

This could explain the drop in price, 1.5% of the shares can now be sold and people are cashing in on the great progress. Who knows. A big thing to consider is approx 25% of the shares come off escrow on 31 July.

Hope that helps.
NBT

Ps here's the annoucnement link https://www.nzx.com/files/attachments/233707.pdf

[Jinx]

Thanks nextbigthing, very in depth and well explained answer!
Friday was the end of the sp dip by the look of it, do we think it's on it's way up from here?

[sb9]

Thanks nextbigthing, very in depth and well explained answer!
Friday was the end of the sp dip by the look of it, do we think it's on it's way up from here?

Don't think so, looks like someone want to get out pretty desperate...

[Jinx]

Do we think it's on it's way up from here?

Jesus down 12% so far today, any guesses on where the bottom will be :o

[sb9]

Jesus down 12% so far today, any guesses on where the bottom will be :o

Donno, had it under my radar for a while. Think might stay out of it for now.

[babymonster]

Under 2 is more reasonable

[Jinx]

Under 2 is more reasonable

There has been nothing but outstanding positive news since November 2015, where the price was $8 ($2 per share after the split). What makes you think the price should be back at Nov15 prices?