Sharespike, I can only speak for US based companies but when I...

Sharespike, I can only speak for US based companies but when I was a Director of a US based public company there were extremely stringent rules for insiders (those in the know) which included a wide net of employees who were not allowed to trade shares from 2 weeks before the end of the quarter until 2 days after the earning report had been publically released. Penalties for insider trading are severe and the “sniffing” tools the SEC used to catch folks are extremely sophisticated. As for the ASX I don’t know what the rulings are but I would assume they would be similar.

As far as the Directors who acquired SXY shares on the open market I don’t believe the share ownership mentioned in the filing would include stock options which could be very significant, so it’s tough to assume that this is all they own in SXY stock. Again my perspective is from a US basis but anytime an employee (insider) buys stock on the open market of their company it’s a very positive move. My two cents.