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04/09/19
18:32
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Originally posted by Vmk Research:
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The reason that LVT is required to release this presentation publicly on the ASX is that the management team is doing a tour to meet US West Coast investment firms this week, San Francisco to LA and then coming to the East Coast later this week, early next week. A number of US investors.....ahem....perhaps including VMK have been begging them to do this and get some high quality US exposure. I dont know know what other US investors will be pitching but I know that we are going to advocate strongly to do a raise that favors US investors and leaves Australian investors scrambling for a small allocation. We will pitch that we are a better quality shareholder base with a longer term investment horizon. We will point to Australian institutional investors who either flip the shares shortly after getting an allocation , and even worse, Australian institutional investors who sell their positions ahead of Cap Raise assuming they can refill at lower levels in a Cap Raise. Well, if you allocate to us, you will catch all those *****bags napping and leave them short of stock. The Aussie banks will say “Oh no you can’t do that, you will piss off the institutional share holder base blah blah......” . Well guess what, it’s time to shake them up......and the retail base will love you because they will get access to the priority raise as existing domestic retail shareholders and the Aussie market will be short of stock. Plus you will have a first rate US shareholder base making money from day one. I’d really like to see US investors do a PIPE and leave Australians completely frozen out but I suspect that would be a bridge too far for their financial advisers/ bankers. Ah well but might as well float the idea. By by the way this is NOT material non public information because we haven’t met them yet and we’re being very public. We are simply stating the case that US investors will provide a better and more stable share holder base that understands SAAS.
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Great post. can't agree more about Australian investor's mentality. Totally clueless how to value a non mining stock. Many great stocks have been killed due to this mentality of mob here.