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Ann: Ceasing to be a substantial holder - Patrick Riley, page-41

  1. Oscar09
    27,150 Posts.
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    13/12/16
    22:52
    Post #: 21315308
    Looks like an agreed transfer, one wanted $2.25 mill and is probably extremely wealthy anyway, elderly gentleman Riley senior, was made the offer at lows, with a 40 % premium, rather than buy on market and push the price way up for that quantity. Dad sees this as best for the daughters company prospects.
    Allows them also to buy on market now if they want to increase their stake. Obviously, CEO is happy having them aboard. Win win. But yes, Peterson Group would know that the turnaround is well and truly on. IMO.
    Last edited by Oscar09: 13/12/16
    1PG Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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