I disagree - the guy owns about 13m NTL shares, and has done for a very, very long time. If he has half a brain, and I am assured that he does from years of being a vocal shareholder myself, he is taking the opportunity that I have so regularly posted up here over the last few weeks.
Sell NTL at a premium to the rights issue price and accept the rights.
Shareholders with rights can buy at 0.5 cents, and non-shareholder can buy at 0.6 cents. Why you would be buying at 0.6/0.7 is beyond me, why a shareholder wouldn't be selling at 0.6/0.7 when they can buy at 0.5/0.6 is beyond me too.
On this basis, I don't think the normal adage about directors selling applies. You could also ask him yourself in his capacity as a shareholder why he was selling if you are concerned
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I disagree - the guy owns about 13m NTL shares, and has done for...
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Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $8.389M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $433 | 22.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32500 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32500 | 0.015 |
1 | 715000 | 0.014 |
1 | 500000 | 0.012 |
1 | 45464 | 0.011 |
2 | 150000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 5000 | 1 |
0.020 | 62454 | 2 |
0.021 | 88001 | 2 |
0.022 | 157424 | 1 |
0.024 | 510000 | 2 |
Last trade - 10.06am 07/06/2024 (20 minute delay) ? |
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