Shareholder Activism

All, re an earlier thread on organising minor shareholders to take some co-ordinated action, see below in today's Fin Review.

Regards, Jaguar24

Australian shareholder activism broke new ground this week when OzBlue and SuperNinja organised a big position on the share register of lithium mining and exploration company Pilbara Minerals.
Normally, activism is the preserve of specialist funds or aggressive institutional fund managers taking long or short positions in a stock.
The big funds either go public with bold demands or put pressure on management behind closed doors in order to lift shareholder returns.
OzBlue and SuperNinja, which are the chat room nicknames of Bill Lambert and Michael Langford, have turned this concept on its head.

Through the combined power of email communications and the HotCopper chat room, which is used by day traders, Lambert and Langford have marshalled the forces of about 400 small shareholders, who own about 25 per cent of Pilbara Minerals.
They followed that up with the lodgement this week of a substantial shareholder notice for 5.8 per cent of the issued capital or 68.87 million shares worth $40 million.
The shareholder notice lists the nature of the relevant interest in Pilbara Minerals as "association of like-minded holders". An annex attached to the notice lists the names and holdings of about 50 shareholders in Pilbara Minerals.


Read more: http://www.copyright link/brand/chanticleer/meet-the-new-shareholder-activists-superninja-fights-pilbara-minerals-takeover-20160616-gpkz55#ixzz4BnoziRR7