Best practice from institutional shareholders viewpoint is for directors to only ever buy, as selling often sends a very negative signal as to a company's prospects. Buy-only directors are either planning to run a successful company in perpetuity with dividends in prospect, or to be taken over (not at low levels though).
NG not only has bought, but rather than a token amount, he is demonstrating he has plenty of skin in the game, and this is at least one box ticked. If the company can improve / rectify its operational performance, then expect a solid re-rating (may take 3-12 mths), perhaps back to the $2.50-$3/sh level, notwithstanding POG.
Ann: Change of Director's Interest Notice , page-7
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Last
$1.62 |
Change
-0.035(2.12%) |
Mkt cap ! $1.220B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.64 | $1.51 | $18.53M | 11.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6000 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 3208 | 3 |
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| RRL (ASX) Chart |