1. Do directors always buy at a low price? Do they always get it right? What evidence of this?
2. As I posted on another thread, Murray had an obligation to buy a significant number of shares under AMP rules. He has set out to change this rule. He bought after the price had dropped e0% after he decided to sell the insurance business.
3. He bought some 8 months ago. There is now different information in the market. Just as there was different information in the market when he didn’t buy at $3.50 when he was appointed.
Murray buying at $2.30 8 months ago is irrelevant. As are the strike price for the options Ferrari was given as an incentive. These will be replaced by ones based on relevant information.
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3 | 18906 | 1.275 |
2 | 17909 | 1.270 |
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3 | 38059 | 1.260 |
Price($) | Vol. | No. |
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1.305 | 89660 | 4 |
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