It is a good question about the directors selling before this huge announcement. My guess is that they are following a long dated prearranged / pre-determined trading plan. The orders were placed well in advance when there was no knowledge of inside information. These are common in the US in order to provide company insiders the ability to trade with reduced risk of insider trading. Google 10b5-1 plan and you'll see what I mean. I do not believe Australia has a similar prescribed safe harbour regime but if you follow those principals it would reduce the risk of getting in trouble. What it tells me is that management have good governance processes in place. How good was that announcement! Huge!
It is a good question about the directors selling before this...
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Last
$1.93 |
Change
0.115(6.34%) |
Mkt cap ! $1.471B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.93 | $1.84 | $26.96M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 100522 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 219038 | 7 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |