....watch what industry insiders do, not what they say.
....are we so naive to believe every representation corporate executives (with self vested interest 0 makes? They will never tell you the 'bad news' and when they do, it is either too late or couced in some positive spin language.
....when they sell big, it is always to pay for tax or a divorce lol. Never about the fact that its best to sell when the market has 'erroneously' given a value higher than what he/she deems appropriate based on where the company is at or facing into the future. Dicker Data founder selling $200m worth of stock; Barrenjoey on trade Sarah Thompson, Kanika Sood and Emma Rapaport
Mar 5, 2024 – 4.50pm
Dicker Data’s founder, David Dicker, was seeking to offload 10.2 per cent of the company in a $200 million block trade launched after Tuesday’s closing bell.
Barrenjoey’s desk was seeking buyers for 18.3 million shares in the company at $10.90 a share. That’s a 9.5 per cent discount to the last traded price.
Fund manager sources said the proceeds would go towards a divorce settlement. The term sheet listed Dicker and Rodin Ventures as the vendors.
