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  1. #2351
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    The notice of mopping up shares below marketable quantity was made on the 8/11/18 with the proviso that the would not do so for 3 months. So they bought them right on time. I suppose the three months was to give those share holders time to increase their holdings.

  2. #2352
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    Given these are non-marketable parcels, I assume there are cost savings from mopping these small holders. Has anyone got any idea what these savings might actually be?

    From the annual report (which is now obviously out of date) they had 294 holders with less than 1000 shares, comprising 77489 shares. They only bought 71421 shares so obviously didn’t quite remove 294 holders, but maybe they cut the register by about 20%.

  3. #2353
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    It would be interesting to know what the savings would be. In the old days it would have been postage and communication costs. Not so important now. Do share registers charge per shareholder still?

  4. #2354
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    They'll save a bit on admin and importantly boost their treasury stock at a good price.
    I think they'll exceed the last 6 months half's profit given the strong growth and recurring revenue.
    So maybe $2.4m net for the 12 months. So just 14x profit at today's valuation for a company that's growing strongly and with $6m in the bank.

  5. #2355
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    Plexure CEO, Craig Herbison is speaking in Auckland. Details here:
    https://www.sharetrader.co.nz/showth...l=1#post748611

  6. #2356
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    Scobie Ward increases its share holding by 25.6% they must see something very worth while as they now own 13+ %, hmmmm whatsup !! ? should be a boomer next ann imo !

  7. #2357
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    Quote Originally Posted by whatsup View Post
    Scobie Ward increases its share holding by 25.6% they must see something very worth while as they now own 13+ %, hmmmm whatsup !! ? should be a boomer next ann imo !
    Along with the founder selling a swag of shares as well. Maybe you might wonder why Scott would choose now to unload 2m shares reducing his holding by 1.764% to 7.683%. Doesn’t speak to his long term confidence in PLX.

  8. #2358
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    Quote Originally Posted by Baa_Baa View Post
    Along with the founder selling a swag of shares as well. Maybe you might wonder why Scott would choose now to unload 2m shares reducing his holding by 1.764% to 7.683%. Doesn’t speak to his long term confidence in PLX.
    NONSENSE. Doesnt run the show anymore. Still has plenty and doubtless is just being prudent, as he funds his next enterprise.

  9. #2359
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    Quote Originally Posted by noodles View Post
    Plexure CEO, Craig Herbison is speaking in Auckland. Details here:
    https://www.sharetrader.co.nz/showth...l=1#post748611
    Did anyone attend the presentation? If so any feedback? Thanks

  10. #2360
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    Quote Originally Posted by Lola View Post
    Did anyone attend the presentation? If so any feedback? Thanks
    Lola, Judging from the price action , nothing of interest was reported that excited those present !

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