And sp decline started with appointment of new CEO Molly Matthews and subsequent investor presentation especially the last one where she refused answer customer split data. That's a very bad call to make in an Analyst's Q&A session.
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And sp decline started with appointment of new CEO Molly Matthews and subsequent investor presentation especially the last one where she refused answer customer split data. That's a very bad call to make in an Analyst's Q&A session.
SP is not decided by the arrogance or behaviour of CEO but by the performance of the company .
Main reason for big downgrades was lack of growth ahead and company not able to achieve its guidance .
The slope of the gradient looks fairly consistent
Has Church been out of action in the US of A since last November ? :)
At this rate, perhaps they should be looking at a consolidation
to mop up all the extra shares created from the earlier split ;)
Will independent director's buying in middle Feb tell us about timing of any M&A announcement ....as I am pretty sure she would have been in the know of whats going on and about new worth of the stock ...whats the cutoff before any announcements of such type ...90 days or more ....just wondering how it will look if 45 days after she bought 100K stock @ $ 1 there is a material price sensitive announcement from the company . Maybe independent directors are not privy to such information officially ?
could pay to do a bit more research alokdhir before applying 'rule of thumb' indicators like that
https://www.nzherald.co.nz/business/...JX3FYLWXU2UGU/
She sold $80,000k of PPH shares on the 23rd of December to meeting American tax obligations (as she would be realising tax losses which should could apply in america) and stated at the time she would buy them back. She bought back $85k worth of shares - a net increase of $5k. It means nothing.
and I chuckled at the time reading in her herald interview that "people in NZ don't have to worry about capital gains tax"...so she bought some shares, sold them, bought them back - and so on. With that approach she might need to worry about revenue account tax on her future dispositions as she is starting to look like a trader for NZ tax purposes.