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
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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
Surprised this hadn't come up yet https://www.nzx.com/announcements/337065
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.
Unless a dodgy co-founder is being kicked out of the company, it is never good looking that co-founders are bailing out.
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.
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!
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)
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.