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pgrace

5,176 Posts.

432

25/03/15

16:07

Post #: 14978975
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Originally posted by firsttothetable ↑

check out board with this one, michael hill, hug warner, andrew gray, phil kapp, neil hackett - http://www.asx.com.au/asxpdf/20141029/pdf/42t9192nlstrzd.pdf - all have decent stakes, especially hugh warner and andrew gray and michael hill, pretty much identical to the board which was frr which is now rhp - before they put the newlease cloud-based business into rhp, the stock was trading between 0.9c and 1.2c, then they put newlease in and the stock went bananas to $1.20 (about 6c in the old money) over an 8 month period (5 bagger) i think as there was a 20:1 consolidation so 1c was equal to 20c, now it trades at $1, even selling now not a bad return and that was with the 85% odd dilution to the vendors to back in newlease. i also see that the main bloke of newlease (doug tutus) died before the transaction was completed, so these guys can buy a business that can basically run itself and go up 5 times.
looks like these guys are operators - i am in.

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Hey there,

Can we have an update on your thoughts regarding management?

Cheers

Gracie

LVT Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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