Australia's largest stock trading and investment forum Australia's #1 stock forum

APT

Click for more information

0.00%

$66.47 afterpay limited

History of Founders Selldown, page-3

First 3 Last

Share
Profile

Follow
polarbear666

4,182 Posts.

2291

01/08/20

17:50

Post #: 46239062
Share

Originally posted by Andredamus1: ↑

There has been a lot written about how the sale of founding directors shares should be viewed by the market. A favourite expression by those who believe that it should be viewed negatively is that "directors are dumping stock on unwitting bag holders". I thought it was worthwhile testing this thesis in relation to the shares sold by Afterpay's founders since their first sale in 2018. A history of share sales undertaken by the founders is as follows (noting that the 2 founders have to date always sold completely in unison - amount and price):

May 2018 - 5,000,000 shares sold @ $6.94
June 2019 - 4,100,000 shares sold @ $23.00
July 2020 - 4,090,000 shares sold @ $66.00

So after starting out with 25m shares each, the founders are now holding 18.4m shares each (valued at $2.5b based on Friday's closing price). Moreover, based on the current share price, the founders have transferred $407m in value from themselves to the "unwitting bag holders". Seems like a pretty good deal for the bag holders from where I'm sitting.

Expand

I'd like to hold more seller sell down bags (of cash) please... they are so generous with giving away profits!

APT Price at posting: $68.54 Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 99 more messages in this thread...

First 3 Last

Add APT (ASX) to my watchlist

SPONSORED BY