PPH 0.00% $1.32 pushpay holdings limited

Ann: Ongoing Disclosure Notice - Justine Smyth, page-4

  1. 220 Posts.
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    Justine had previously resigned but yes it is something I am watching closely as well.
    The business fundamentals are strong however there has been substantial insider selling.
    - The original founders but was less worried about that when Gordon took over.
    - Replacement CEO Bruce Gordon selling hos stake and tendered resignation.
    - Justine Smyth resigned as a director after a very short-term.
    - Largest shareholder Hulijch family sold a substantial portion of their holdings.

    So there is conflict between those two scenarios I am trying to work through..........are fundamentals as strong as they appear, is the insider selling for personal reasons prompted by the impact of Covid etc. Or is there a real reason behind the selling that isnt obvious yet to shareholders.
    Last edited by Gasbox: 01/09/20
 
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