12 month low hit again today anything read from that ?
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12 month low hit again today anything read from that ?
Boredom. Impatience. Insignificant volume though.
Half-way through the quarter and no news on any progress, despite the numerous 'accelerations' expressed in the last quarterly.
Meanwhile regulatory uncertainty grows, and the bank account shrinks.
Someone is selling their shares for $9 this morning.
They must know something we dont, they must have hit the Bonanza.
There is just under 10,000 shares for sale so we better get in quick.
Riiiight... Is that you selling them for $9???
Out of interest....Who has kept all their SPP shares for the 20% allocation? I have and have accumulated more at 0.6 & 0.7. I'm assuming a lot of the shares on offer at o.8 are holders that aren't going to bother hanging on.
No its not me, I just noticed it now, thought it was funny.
Or maybe they are serious, who knows.
I haven't sold any SPP shares either, nor have bought any since. Just sitting tight, that's me.
You'd have to assume the $9 sell is a mistake, but at over a thousand times the current market price, well, I thought it would throw up a flag at the brokers. Odd.
My feeling is that the "large" block at .8 are mostly those who bought on the offering and trying to make a "quick" 14% buck.
I would rather wait and take the slow 20%
I actually bought 15K,s worth in the first SPP then when they opened it up to everyone I sold the first lot at .8 and invested it all into the second one.Be interesting to see how they work out the bonus shares,as I have bought a few more as well
The 1 for 5 bonus is allocated on the number of shares you still hold on the cutoff date. Eg if you bought 10 million but sold 5 million you will only get 1 million bonus. Not sure what happens if you have traded in and out. Are shares numbered like currency? If so they could track whether you still have the originals as opposed to more recently traded.
Challenge: Is there a way to work out how many shares Hill owns? I think historically he has moved things into Trusts. Im picking I can get trust directors from Companies office.
I ask, as I have been pondering his (hefty) salary could actually be immaterial compared to the money he would make if the SP skyrocketed - this assumes he(or his Trusts) own a truckload of shares.
If this is true, has he fully participated in SPP recently (I think the answer is no).
Cake and eat it to? Big salary, and a SP that will one day (decade) rise significantly?
Im still sitting on the sidelines with the shares I bought at the 2c SPP, waiting and hoping.
It does not matter if he puts shares into trusts or not. If he changes his holding he has to disclose that to the NZX, be they in trusts or not. No need to waste a lot of time.
Page 30 in the annual report sets it out.
DIRECTOR INFORMATION AND DISCLOSURE OF DIRECTORS INTERESTS
The following general disclosures of interest were received in relation to the year ended 31 March 2019:
Director Relevant interest in Ordinary Shares Relevant Interest in Unlisted Options
M G Hill 42,159,085 1,500,000
M Stevens 60,000 0
C Nader 0 0
A V Haworth 4,500 0
So by my calcs his current shares value is around a years salary. I'm sure based on the quanity he would love the SP to rise also