I’m hoping that once results are released with directors then legally allowed to buy, that they’ll increase their holdings at these low prices and average down.
hogan and jones (CEO and COO) and Steve Baxter own about 30% of shares, if they believe in the company going forward I’d want to be seeing them increasing their holdings while the SP is absolutely on its arse, with the knowledge the company has a flying future. granted directors don’t always have disposable income to buy but they earn $250k + and if I was a director and knew the company has a viable and great looking future I’d remortgage the house and sell the wife.
I’d just like to see the price stabilise and start moving north to reflect the company’s value, just over $2m valuation with $19m NAV is ridiculous with profitability expected this year (fingers crossed). Where’s the value buyers!
IDZ Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
