i assume they (VM) wanted to reassure small shareholders the mgt still like the (value/price of the) company so he made some small purchases knowing he would be selling a large parcel to buy his house.
However since 2nd march 2020 VM has purchased (mostly on market with some via share purchase plan) a total of 421,860 shares at a total cost of $2.624 M.
an average cost of $6.22
selling 231,444 @11.13 = $2.575M
so good on him.
i wonder if that was the purchase price or merely the deposit (after paying some capital gains tax) with a mortgage on those low interest rates Nick mentioned above. And the remaining shares (via dividends will pay for the mortgage - along with his salary)
i assume they (VM) wanted to reassure small shareholders the mgt...
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Last
$9.12 |
Change
-0.170(1.83%) |
Mkt cap ! $1.646B | |||
| Open | High | Low | Value | Volume |
| $9.23 | $9.24 | $9.09 | $1.318M | 144.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1454 | $9.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.13 | 511 | 1 |
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| DDR (ASX) Chart |