Directors now buying on market, page-11

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tui

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28/08/18

18:27

Post #: 35244476
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Originally posted by curiouswon ↑

It is certainly not a negative that Directors are buying shares.
It may be that they have had a dormant desire to add but have not been able to during two week Blackout Period up to and including day of annual results announcement (fewer Senex Corporate Governance policy on Securities Trading Policy), and with earlier deal brewing.
It may be that this desire has been based on the good announcements to date.
It CANNOT be based on "something (as yet unannounced) is cooking and it's about to be announced" - this is the definition of insider trading - think illegal!!
So I don't wish to be dampener, but the buying tells me that Senex has NOT been approached with takeover offer.
The have been announced - that is good enough for me to be positive ....

Curiouswon
Thanks your post. The Directors and most shareholders have known what's going on for several years. This is not insider trading. It is a matter of maximising your opportunity when you can. SXY is getting near the pointy end of a long thought out strategy....a while to go yet.

Australia is short on gas. And SXY is well placed to deliver. It has been a long journey but ,

"It's getting better all the time. ...So much better."

.
ps SXY will never get taken over. See a post I made recently. They have worked too hard for this than hack it off for a 40% gain.
Glta.
Tui

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Last edited by tui: 28/08/18

SXY Price at posting: 48.5¢ Sentiment: Buy Disclosure: Held
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Directors now buying on market, page-11

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