I mostly agree, makes sense @Exised. There have been lots of...

I mostly agree, makes sense @Exised. There have been lots of 'token' director purchases in the past month on many mid-caps, often it's $25,000 or $50,000 which frankly is just pocket change. For me, Joseph Healy's purchase carries far more weigh; he has basically stumped up $1,000,000 here, so this was a rare one that impressed.

I still like the business and recall reading a few fundies in the AFR earlier this month essentially saying "the business is looking good, it's a matter of waiting to see how much cheaper it might go". Without being sucked in by the fin. press, that may imply a few sideline watchers waiting for an opportunity. The problem remains a lack of operating history, so nobody really knows how a mono-geography pure-SME lender is going to go if there's an economic downturn.