I agree taking payment in shares is a big plus. but how many...

First 4 Last

Share
Profile

Follow
dubspec

1,924 Posts.

38

17/09/19

16:06

Post #: 40454240
Share

Originally posted by Timbel: ↑

@Webstro My view on the CFO leaving is that they most likely have outsourced this function, as there is talk in the quarterly about maintaining a lower cost structure.

Corporate Secretary function outcourced to Grillo Higins https://www.grillohiggins.com.au/

Financial Advisory outsourced to Northridge Partners https://www.northridgepartners.com/

Both companies hinting of merger and acquisition backgrounds.

Northridge partners specialises in building and selling tech businesses. Their financial services are being paid via this share placement. This would be the first time I would have thought a financial advisor would take shares instead of cash unless the thinking is that there is upside coming.

The most recent share placement also shows confidence with existing shareholders, so it always gives me confidence when directors or major shareholders are still holding and are buying more.

Mint is processing ~$850M and closing in on $1B in TTV with strong growth in travel and a unique value proposition and it is still has a market value of $18M.

Somebody will wake up soon, and I reckon Northridge has been enlisted to help... I am closely watching this one..

Expand

I agree taking payment in shares is a big plus. but how many shares? also, what is the unique proposition in travel you are talking about? pretty sure other players can offer the same. I wonder how tramada. renegotiations are going as that is vital to Mint's short term viability. I know other players in discussions with tramada. I'd be asking this question if I were a shareholder

MNW Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Clarity confidence – and share price – up on bumper $203M institutional placement

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

BOE

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

I agree taking payment in shares is a big plus. but how many...

Top Stories

Clarity confidence – and share price – up on bumper $203M institutional placement

ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

Boss tanks -42% after quietly flagging 'potential challenges' for Honeymoon

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News