"Yes - I thought that was very bad news for the outlook of the business. Nobody else could weigh things up much better than he could."
@CaptainBarnacles,
I always find it interesting how much store of value people put in these sorts of share transactions undertaken by so-called "insiders".
Because if Mr Munz sold his shares because he was in direct possession of price sensitive information, well, that would be illegal, so let's assume that wasn't the case here.
Which then means that Mr Munz sold because either:
1. his decision related to his particular personal circumstances (in which case it is irrelevant for RWC's fundamentals);
2. he has a certain negative view of the future of the business, or
3. he believes the company to be fundamentally overvalued.
Why do you think someone who happens to work for a company will any materially better idea of the future prospects of a business than you or I do, or is able to better value a listed security than you or I can?
As such, doesn't it make him just another market participant with an opinion?
Not unlike you or I?
(20min delay)