PME pro medicus limited

Good pickup. One million shares is a nice round number.It is...

  1. 703 Posts.
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    Good pickup.
    One million shares is a nice round number.
    It is probably outside the trading window for the founders or any other insider to sell shares.

    If it is an outside entity, there may not be a notice because one million shares is just below 1% of the shares on issue.
    In any case, there are no substantial holders except for the two founders.
    As at 30 June, HSBC had 9.97% and JP Morgan 6.16% of the shares, but as custodians for others. Apparently they are not obliged to put in change notices.
    Of course, the transaction might tip some existing holder over the 5% threshold and into a substantial shareholding, in which case, there should be a notice appear soon.

    Could it be a sale by an entity who got caught with one of the parcels that the founders sold at $36.10? - that would be painful but seems unlikely.

    It will be interesting to see if any notice emerges.

    I doubt it has anything to do with the buy-back because ponying up for one million shares would consume the better part of PME's cash. The previous buy-back purchases have been made with a teaspoon not an end-loader.

    Your mention of "esteemed" shareholders reminds me of a silly joke about "experts".
    "X" is the unknown quantity and a spurt is a drip under pressure smile.png

    Cheers
    Last edited by Downanout: 15/11/19
 
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$319.77
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