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Have faith. All the directors have healthy share holdings and...

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213 Posts.

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01/12/16

11:09

Post #: 21022232
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Originally posted by broadway ↑

Two Directors buying is certainly a positive, but what would be a lot more positive would be the company clarifying exactly why David Stewart retired suddenly just after the AGM. Just a simple statement saying - pursuing personal interests or health or family reasons would do. I can't believe that the company would not know that an unexplained sudden retirement would spook the market. The market always hates uncertainty.

The facts are, the company made an NBN contract announcement at the AGM, the share price shot up from around $2.20 to around $2.74, then the CEO announces an unexplained retirement, the share price tanks to around $2.40, two directors buy shares. What is one supposed to make of it?

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Have faith. All the directors have healthy share holdings and rember David Stewart has 15% of Netcomm, none more than he affected by his sudden exit plan. The Exec team is strong and the company remains on a strong growth trajectory. Patience will be rewarded in the face of short term volatility

NTC Price at posting: $2.34 Sentiment: Hold Disclosure: Held
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Have faith. All the directors have healthy share holdings and...

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