PPH-Pushpay

[Left Field]

Grant Samuel still to produce an independent report

Now they know the answer I reckon they'll come up with this range $1.30 to $1.42 ....and come up with heaps of tables and comparatives to show how they came up with this.

So $1.34 might be low end of range ....but enough to see the deal done.

Seems our Winner was spot on.....$1.34 it is.

https://www.nzx.com/announcements/406248

[Shareguy]

I got a call last week from BGH wanting to no what I was intending to do with my shares. Does not seem they are that confident.

[Left Field]

Ouch - tough day for holders. SP down to $1.11 at time of writing.

[winner (n)]

Ouch - tough day for holders. SP down to $1.11 at time of writing.

No - a lot re happy as buying up all these cheap shares .... suppose many shares coming from those nasty greedy hedge funds who thought they could make a quick buck

Many will have even more and be creaming it when Molly delivers on her strategy and share price approaching 2 bucks --- bound to happen as thats why they voted no because they were sure things were looking good in the future

[Shareguy]

Might be a increased offer.  I sold my last lot a couple of weeks ago and am now out. Good luck to any holders

[Basil]

Might be a increased offer.  I sold my last lot a couple of weeks ago and am now out. Good luck to any holders

Yeah I was just thinking the same.  Vote wasn't all that far away from the 75% threshold, from memory 67%.
Another 5-10 cps should do the trick but with interest rates and funding costs recently ticking up who knows what's going to happen.
Coin toss !

[winner (n)]

Yeah I was just thinking the same.  Vote wasn't all that far away from the 75% threshold, from memory 67%.
Another 5-10 cps should do the trick but with interest rates and funding costs recently ticking up who knows what's going to happen.
Coin toss !

You taking a punt then Basil

113 to 150 good gain

Coin toss you say  -

50% share price worth 110 you don't lose much

50% you get 150 ....make heaps

Hmmm

[Left Field]

No - a lot re happy as buying up all these cheap shares .... suppose many shares coming from those nasty greedy hedge funds who thought they could make a quick buck

Many will have even more and be creaming it when Molly delivers on her strategy and share price approaching 2 bucks --- bound to happen as thats why they voted no because they were sure things were looking good in the future

Silly me Winner, I completely forgot. For every seller there is a buyer.

Only a matter before the Board, (the same Board that was trying to sell PPH,) will discover hidden potential, establish a 'fortress balance sheet, and the SP will rise to new unlimited heights. Holders just got to be patient.

Let me know when you start buying (one of your lovely charts might help) and then we can all enjoy the fun.

Crikey, what could possibly go wrong.

[Basil]

You taking a punt then Basil

113 to 150 good gain

Coin toss you say  -

50% share price worth 110 you don't lose much

50% you get 150 ....make heaps

Hmmm

On one hand the 12 month low was 99 cents and it could easily go under that with the arbitrage funds selling out of their speculative positions.  On the other hand maybe another 6 cents @ $1.40 might get the deal done?  Maybe its 90 cents on one hand and $1.40 on the other with the midpoint at $1.15 but you would have thought if there was going to be a higher offer it would have been announced this morning after the investment bankers organizing this rejigged their workings over the weekend?  Maybe increased funding costs, (interest rates are materially higher now than when this proposed deal was announced) makes a higher offer uneconomic?

[Basil]

What do you know, it closed the day at $1.15!
https://www.nzherald.co.nz/business/markets-with-madison-michael-hills-recession-shielding-secret/JP3DXDPLEQQ76YF636M57IR7UM/

[winner (n)]

Hope yet for another offer .... got until Monday next week now to say it's all go again or just too hard

[Basil]

Notable that the agreed extension deadline of 17.00 today has expired and there's been no further announcement.  Maybe the takeover was going to be financed by SVB lol.

[Basil]

Another extension agreed until late tomorrow. 
If PPH get removed from the NZX50 my understanding from Forbar index research is NPH is the favorite to replace them and then HLG takes pole position with TRA next.
Disc Hold lots of HLG and TRA so hoping this deal does proceed.

[BlackPeter]

... and the convicted insidertrader was ...

https://www.nzherald.co.nz/business/markets/shares/peter-huljich-is-pushpay-insider-trader-flagging-further-appeal/KB4WVXH7LRADFHPLR23H5Z4FHU/?lid=c3r23w4r9z19

Peter Huljich, General Manager and later (well, before they caught him) board member.

But hey - the name Huljich rings familiar, and it's not the first time we hear it in the context of fraudulent activity, isn't it?

Sad, how low the standards of some of our business leaders are.