Just looking at the 3Y from early January, the directors appear to be holding many more A's than B's (apart from Miles who has lots of everything) (Kind of blows my thesis out of the water to an extent as far as director holdings goes). Retail LOMOB buyers at the moment have to either hope the heads kick-on before the end of April (to make conversion worth the effort/Cap Gains implications) or resell before strike date as trailing oppies price follows heads. We all hope this scenario plays-out, but what I am suggesting is the risks associated to the B's are increasing at current levels.
HNW's / insto's have little-to-no emotional attachment IMHO, and I would expect them to start converting gradually from now onwards rather than towards the end of April rush. Will be interesting to watch the 3B's come in. An exiting few weeks ahead.
I take your point regarding alternate funds.
GLTAH
LOM Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
(Kind of blows my thesis out of the water to an extent as far as director holdings goes). Retail LOMOB buyers at the moment have to either hope the heads kick-on before the end of April (to make conversion worth the effort/Cap Gains implications) or resell before strike date as trailing oppies price follows heads. We all hope this scenario plays-out, but what I am suggesting is the risks associated to the B's are increasing at current levels.
