Originally Posted by
Baa_Baa
Interesting to see how your narrative has moved as the bear market took over. Quite disappointing really, or cynical at best, like you're actually a momentum trader as well as some others but the market turned and you didn't act fast enough and been left holding the baby?
Anyway, you'd have to wonder why most of the board and some of the management choose to accumulate through the DRP at this time rather than freak out and sell their shares. You think it's because Liz "order everyone to". That's bit far fetched, even the newbies here can see your fear. Got caught holding and now slag the Chair, the board, the management?
Maybe the board and the management see a bright future, beyond the current market pessimism? Who's best placed to make that judgement, you, me, or the insiders? Wouldn't make much sense for them to accumulate shares if they thought it was a dog, would it. I'd guess they reckon the company is worth a lot more and one day the market will double or triple and their confidence in the business will be rewarded.
In the meantime they'll be paid a best in sector dividend and entitlement to more equity capital, on top of their income.