I find it fascinating that the company did a raising at $11 recently but now the directors are acquiring a lot of shares at around $20 in on market trades. The logical explanation for that I see is that the directors think the world has changed and whereas previously they were happy to sell shares at $11 to raise cash now they think the shares are good value to buy personally at a much higher price.
Kogan, really cheap given the growth profile, page-77
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