The director selling is curious, particularly since this director is actually the CEO (Michael Connaghan). Maybe he's planning on stepping down soon? Or maybe a marital settlement issue (as happened last month with the director of another stock I own).
But don't worry about one director selling 1 mill shares. Perpetual sold 4 mill shares these past few weeks. Why didn'r SGN's sp tumble? The stock has guidance of 15% NPAT growth this year and a very good dividend with a market still hungry for dividends.
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- grand total of 184,000 shares for sale.
grand total of 184,000 shares for sale., page-4
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