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3PL, 3P LEARNING LIMITED
nipper
post Posted: Jul 20 2017, 09:40 PM
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In Reply To: blacksheep's post @ Jul 20 2017, 09:34 PM

agreed - & why I monitor Sandon SNC



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Jul 20 2017, 09:34 PM
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In Reply To: nipper's post @ Jul 20 2017, 09:15 PM

Whatever they are up to, they're out to make money - they are an "activist" investor - that's what got me intrigued. Another article...

QUOTE
Perth-based Viburnum Funds, which started as an offshoot of the Wyllie Group in 2007, has since July 2011 operated one of the few funds entirely devoted to activist investments.

With around $120 million under management it has delivered total returns of 170 per cent since, representing outperformance of 105 per cent against the S&P/ASX200 Accumulation Index.

Viburnum has, according to its executive chairman Craig Coleman, a different style to some of the high-profile activists seen overseas. Of the fund's 18 investments – many in the tech, healthcare or tourism space – only one approach has turned hostile.

"From a media perspective, the public face of activism tends to simplify or define the investment approach as that of an agitator," he said. "However, it's only one element and for us, it's not a big feature in what we do. It's a piece of the armoury if we need it, but we much prefer to be constructive and collaborative with a company board and management."

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One of these entries was in listed small-cap medical facility operator Pulse Health, which Viburnum initially believed "lacked focus and financial capability".

The fund took a 19 per cent stake at 16¢ a share, and went on to advise on several capital raisings and debt refinancings, several acquisitions and one divestment, as well as the recruitment of the company's current management team and board members. Pulse Health was earlier this year acquired for 47¢ a share, allowing Viburnum to almost triple its initial investment.


http://www.smh.com.au/business/markets/ell...522-gwa2dr.html



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jul 20 2017, 09:15 PM
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In Reply To: blacksheep's post @ Jul 20 2017, 09:10 PM

Pulse PHG got taken over by Healthe Care .... Healthe Care Australia is a subsidiary of Luye Medical, the healthcare service division of Luye Group, a leading pan-Asian healthcare services group

Trojan horse?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jul 20 2017, 09:10 PM
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Posts: 6,791
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3P is a global online education company that offers cloud-based software-as-a-service products for schools and students in grades K-12 - recent Macquarie Australia Conference presentation

http://cdn.3plearning.com/wp-content/uploa...6812.1500547770

Noticed Perth-based venture capital and private equity firm Viburnum Funds new change in substantial holding today - they now hold 12.68% of 3PL.

Viburnum webpage - http://www.viburnumfunds.com.au/about
Private Equity Specialist energy and mineral services funds
Strategic Equity A select number of core holdings (controlling or minority blocking stakes) in ASX listed or unlisted emerging companies
Australian Equities A high conviction Australian Equities strategy
Tony Howarth is a Viburnum NED

extract from The Australian when this "hoovered up" Capitol Health shares. Not sure why they are "hoovering up" 3PL. 3PL is due to hand down FY17 results 34/8/17

QUOTE
Embattled radiology group Capitol Health is in the crosshairs of Perth-based venture capital and private equity firm Viburnum Funds after the company’s shares cratered in the wake of government intervention into the sector and a string of poor earnings ­results.

It is understood Viburnum, which holds a 21.3 per cent stake in Pulse Health, has run the numbers on the business although it’s unclear whether the specialist investor intends to have a tilt at Capitol or acquire a large foothold on the register and militate as an activist investor.

Viburnum has form in this area. The fund hoovered up large positions in both Pulse and Vision Eye and then campaigned last year for a $162m merger between the private hospital operator and the ophthalmic care provider.

http://www.theaustralian.com.au/business/d...665cf86d9b6884f
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 



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