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Post by scepticalinvestor on May 1, 2024 6:30:40 GMT
In the latest update, PP have said that they’re changing the hold/sell vote process. I’m probably being a bit thick but could someone kindly tell me what the implications are? I couldn’t understand what exactly they mean.
I can only imagine that the intention is to hold on to the properties for longer and milk them until they’re dry but I might be wrong.
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What form will this new process take?
The new annual process will be a simple shareholder vote (hold vs sell) on whether to sell the property, with the outcome determined by a majority of voted shares.
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Post by overthehill on May 1, 2024 7:49:26 GMT
In the latest update, PP have said that they’re changing the hold/sell vote process. I’m probably being a bit thick but could someone kindly tell me what the implications are? I couldn’t understand what exactly they mean. I can only imagine that the intention is to hold on to the properties for longer and milk them until they’re dry but I might be wrong. ——- What form will this new process take? The new annual process will be a simple shareholder vote (hold vs sell) on whether to sell the property, with the outcome determined by a majority of voted shares.
I don't think there is an underhand motive. It is now a 1 year vote instead of 5 years and now it is a true head to head vote. Using the previous method, if the shares of minority sell voters were sold to other investors then the property was kept, if not it was sold.
It could lead to more properties being kept but until now many shareholders didn't bother to vote because the outcome was a formality. Not many properties left now.
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Post by scepticalinvestor on May 1, 2024 10:04:44 GMT
In the latest update, PP have said that they’re changing the hold/sell vote process. I’m probably being a bit thick but could someone kindly tell me what the implications are? I couldn’t understand what exactly they mean. I can only imagine that the intention is to hold on to the properties for longer and milk them until they’re dry but I might be wrong. ——- What form will this new process take? The new annual process will be a simple shareholder vote (hold vs sell) on whether to sell the property, with the outcome determined by a majority of voted shares.
I don't think there is an underhand motive. It is now a 1 year vote instead of 5 years and now it is a true head to head vote. Using the previous method, if the shares of minority sell voters were sold to other investors then the property was kept, if not it was sold.
It could lead to some properties being kept but until now many shareholders didn't bother to vote because the outcome was a formality. Not many properties left now.
Thanks, I’m glad that I was wrong! This definitely sounds like a better way to go about it.
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