Happy Friday to all, here's some stats I thought relevant:
"IT'S an impressive strike rate. An estimated 80 per cent of company director share trade investments turn out to be profitable, according to Keith Nielsen, the managing director of The Inside Trader, a firm that tracks directors' trading activity.
Director share trades are closely followed by some investors who believe they are perhaps the best guide on when to buy a company's shares. But the federal government earlier this month proposed a crackdown on when directors can buy and sell shares that may make that strategy tougher to follow."
"If directors are putting out money from their own pocket, then there is a good chance the share price will rise," he says.
The best clues, he adds, are on market trades, which indicate directors are using their own money to purchase the stock rather than transferring options.
"The bottom line is that they are just like you and no one will spend their own money if they are going to lose money, that's just basic human emotion," Nielsen says.
In 2007, his firm undertook a detailed study of more than 6800 director share traders in the four years to September 2007.
It found that by following directors trading in their own shares, punters could have increased their trading success.
On average, the report says directors had outperformed the general market by a factor of two (doubled sharemarket returns) with an average one year gain of 51 per cent.
source:
http://www.theaustralian.com.au/bus...are-a-handy-hint/story-e6frgaco-1225759977466
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
Column 7 |
Column 8 |
Column 9 |
| 1 |
DATE |
DIRECTOR |
NATURE |
NUMBER |
PRICE |
AMOUNT |
|
|
|
| 2 |
23/11/2015 |
Gavin Rezos |
On market |
50,000 |
$0.830 |
$41,500 |
|
|
|
| 3 |
06/11/2015 |
Nicholas Clark |
On market |
10,000 |
$0.900 |
$9,000 |
|
|
|
| 4 |
28/05/2015 |
Gavin Rezos |
On market |
100,000 |
$0.500 |
$50,005 |
|
|
|
| 5 |
14/05/2015 |
Nicholas Clark |
On market |
20,000 |
$0.642 |
$12,840 |
|
|
|
| 6 |
13/05/2015 |
Gavin Rezos |
On market |
100,000 |
$0.594 |
$59,400 |
|
|
|
| 7 |
|
|
|
|
|
|
|
|
|
I would have to note that not ONE director of AJX has sold any shares on market. One should also note the important rule, they cannot buy during a trading blackout period, prior to financial reports being released.
I'm assuming that the next report is for QTR 2 ending Dec 2015? So far the above buy pattern is the 2nd month of the respective qtr's.
"Always back the horse named self-interest, son. It'll be the only one trying" ( Jack Lang - Labor premier) via Paul Keating.
