As famously retorted by the previous Magellan fund manager Peter Lynch many decades ago "insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
And the statement even more prophetic now as Directors get far more performance options and shares than they did back then. There is little reason for Insiders to buy shares as investors passively award so many by not voting against their generous self remuneration, so when insiders buy it really is because they are being utterly greedy/convinced for more gains.
Ann: Appendix 3Y for Eric Rose, page-22
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Last
$1.10 |
Change
-0.025(2.23%) |
Mkt cap ! $1.250B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.16 | $1.04 | $14.57M | 13.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 21024 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 241 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |