Looks like this might pop on ASX on today.
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Looks like this might pop on ASX on today.
Thank you. That's an extremely useful and thought provoking idea. It had honestly never occurred to me to rebalance in that way.
I got into PLX a few years back as a 'punt' when a mate who had invested in XRO in it's very early days gave me a tip, and I stuck them in the bottom drawer. I guess on some level I still see TSK as a 'punt', albeit a likely successful one, and while I would feel ok about putting spare cash in to TSK if I was increasing my total investment , it hadn't occurred to me to sell down what I regard as a 'safe' investment (disc to NTA) in OCA as one of the foundational holdings in my portfolio.
I won't put any of my grandson's money into 'punts' until he has a stack of what I regard a "solid 'n sober" shares. That may say more about me than any of the businesses mentioned, but your comment certainly got me thinking
a few cents a days keep the bad market away
I am happy holder for now. Next week we will hopefully get an idea as to how they are progressing. My belief is that it’s going well (business as usual), but I fear we will not get anything interesting until HY figures. Happy to be proven wrong next week.
Happy holder also, I think as they're moving to ASX primary listing which has to report quarterly, they might get in some practice and tell us how well it's going so far this FY, hopefully some guidance for the year as well.
I'm also expecting an update on the move to ASX primary listing and the buy back of the small <$500 stock holders, which for a paltry sum has increased all other holders EPS. I don't think we'll hear much or anything about all the options that have expired worthless, but that's also an upside for holders EPS, though not so good for the staff who had them.
Big deal for me is an update on the USA market, I want to know how that's going. We have a big investment in cracking the USA market, it had better be making some progress.
Everyone should have a bit of TSK in their portfolio.. upside is huge and it’s actually making money
Auckland, New Zealand – TASK Group Holdings Limited (ASX:TSK) (TASK or the Group) announced details of an off-market minimum holding share buy-back (Buy-Back) on 30th May 2023, whereby it intended to acquire all shares in the Company that are held by shareholders (Eligible Shareholders) who hold less than A$500 worth of shares (Unmarketable Parcel), based on the closing price of A$ 0.45 per share on 23rd May 2023 (Record Date). The offer was made in accordance with clause 9.8 of the Company’s constitution and section 60(1)(b)(ii) of the Companies Act 1993 (New Zealand).
In accordance with the terms of the Buy-Back, Eligible Shareholders had until 5:00pm (AEST/NZST) on 11th July 2023 (Closing Date) to opt out of the Buy-Back or increase their shareholding above the value of an Unmarketable Parcel. Eligible Shareholders that did not exercise either of these options by the Closing Date had their shares acquired by TASK at A$ 0.4156 per share (Buy-Back Price).
At the Closing Date, a total of 143,170 TASK shares were acquired under the Buy-Back at the Buy-Back Price of A$ 0.4156 per share for total consideration of A$59,502. These shares have been cancelled in accordance with the terms of the Buy-Back and TASK now has 354,888,230 ordinary shares on issue.
Eligible Shareholders whose shares were acquired under the Buy-Back will have their proceeds remitted to them on 21st July 2023.