At some stage as nice as it is to watch your A2 shares continue to go up you are going to have to sell some to enjoy big ticket items. Have a look of how many shares some of them still have left in the Kitty,
David Hearn has 3.3M shares left which at the current SP equates to $45.5M
Peter Nathan has $2.13M shares left which at the current SP equates to $29.3M
Good luck to all of them as they have all played a part in increasing the company's market cap over ten fold. They could sell their remaining holdings and invest the proceeds into any of the top 50 ASX/NZ companies and be making much more in dividends than what they are currently making without the stress and time of a full time position in a company of this size.
None of them, as well as some of the larger retail holders, in this stock have any money worries or need of a job anymore. They do it because they honestly love what they do. I have worked for companies that have been on a tear like A2 and others that have through poor management, decisions and lackluster product have slowly crashed and burned.
I can tell you its a fantastic feeling working for a company that is going through a explosive growth phase just like Jacks Beanstalk. Even though most of the BOD could walk away tomorrow and not worry about where their next dollar is coming from its the buzz of working for a company like A2 and the prestige and kudos of knowing you were and are responsible for its continued success.
They dont need the money, Jayne could of comfortably worked out her remaining working life at Qantas but she saw a opportunity to steer a company that was already on a roll to new highs.She was headhunted for what she could bring to the table and she jumped at the opportunity of taking on a CEO role to leave her mark in the business world by taking a senior role at A2M and it navigate its growth play a hand in turning it into a major international player.
It wasn't that long ago people were lambasting Jayne H for her share sales, me included. Look at how much she has lost in SP appreciation from her average $11.18 exit price. She will be selling her next lot of time based shares allocated to her when they vest later on this year. Thereafter like she stated she will be buying on-market to satisfy the holding requirement that she buy a certain amount of shares she is required to as stipulated in her contract. I shudder to think how much higher they will be than those she has already sold.
Today was a good day as far as healthy retracements goes, gaps filled but it has not hit the $13.50 mark that
@avagadro though it might as yet. Its good that with these trading windows we get all the BOD sales out of the way in one hit instead of in dribs and drabs. Like always the share price recovers and eventually goes onto new highs. Guess we have to wait for next report in Auckland or the investor presentation that is scheduled for later this year for the next major growth spurt.
GLTAH.
(20min delay)
