Ann: Company Announcement - Interim Results, page-15

It is interesting ....

The founders own almost 60% of the shares and there is perhaps another 10-15% in the hands of instos.  The founders have not been buying or selling.  Since 30 June some 23.3 million shares have been churned which is over 50% of the available (non founder held) stock and on most days we see a heap of BOT transactions for anywhere between 1 and 5 shares.

Today there were 2825 trades and of those

• 540 were for 1 share
• 304 were for 2 shares
• 239 were for 3 shares
• 1245 were for between 4 and 25 shares
• only 121 were for 100 shares or more  

Excluding the two special crossings there were 2823 trades for just 72,000 volume or an average trade of 25 shares.
I have been watching closely and this is typical of trading in PME.

As I understand it, retail holders don't have access to BOT trading and there have been no substantial shareholder notices this financial year to date so I guess it is not a major holder accumulating.  I would love to know who is churning those shares......

Given the success of the Co in USA selling software as a service I can imagine a global IT Co taking an interest or potentially making a takeover bid (obviously that could only happen by agreement with Sam and Anthony)