You cannot be serious......!
IF the CEO had done as you suggest he should have, at a minimum he'd be accused of manipulating the market!
He is bound by "blackout conditions" with, therefore a very limited opportunity to purchase at market - remember this and it will further inform you.
IMO any management / director purchase at market tells us 3 things with reasonable certainty:
1. business based belief in management / board / product
2. blackout conditions apply at all times so anything "known" by CEO purchaser cannot affect purchase decision (i.e. CEO is purchasing on his own research and knowledge)
3. there is NO news due - otherwise this purchase would be insider trading.
IMO the CEO purchase is a plus.
Ann: Change of Director's Interest Notice - Appendix 3Y, page-52
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
