"Unfortunately it came with a downgrade, usually it comeswith a few more downgrades"
In 2019 NINE directors /senior managers sold after the AGM. Just two weeks later they announced Jayne's sacking and replacement with Geoff, coupled with the news that they were targeting higher margins - then SP took off.That sale came with positive news and a margin upgrade. Prior sales have all been succeeded by SP increases and profit upgrades. Apparently you accept that these sales and upgrades are unconnected. Now, during a pandemic, the usual sales happen again (almost down to the exact calendar day) except this time a month later is a downgrade. But in your mind that must be connected and a case of insider trading. Do you see the fault in your logic here?
Ann: Updated FY21 Outlook, page-44
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