looks like buyers stepping up, lots vollume through on open, perhaps it bottomed out:t_up:
Printable View
looks like buyers stepping up, lots vollume through on open, perhaps it bottomed out:t_up:
#1 purchased stock on the ANZ securities list last week and #2 the week before. This stock is a punters paradise...apparently.
People don't seem concerned that the country in which the company has most of its stores has really low consumer confidence and the outlook for economic prospects is challenging.
Nor do they appear to be concerned that the currency is a new headwind for the company (exacerbating pressure on gross margins) in the present half year having fallen significantly in the last 6-7 weeks.
It must be cheap right:p after all it was $3.90 last year.
Its there for those sheep that think following the herd is a good idea :)
The Chairman, a Director and the CFO all seem keen, can't be a bad thing.
Chairman is David Kirk - also on TME, was on Fletchers.
Also IIRC setting up an 80's style investment company to invest in tech companies.
Hmmm.
Interesting to see couple of big SSHs issued this afternoon, looks like Fisher Funds sold out some and NAB bought some.
I did some digging to put the size of the recent director CFO and Chairman's purchase into proper perspective.
2014 annual report shows Chairman's remuneration is $244k non exec directors $128K.
Salary bands are 1 person earning between $1.13 - 1.14m must be CEO and the next band down is 1 person earning $630K - $640K probably CFO.
While I would agree that its a better sign that they're buying some than doing nothing or selling its hardly like they're betting the ranch on it, (in terms of their remuneration) is it !!
Fascinating tussle with institutions changing their holdings at considerable pace.
Goldman become a SSH
But the detail of he trades on pages 7 to 16 make intriguing reading. More sells than buys
https://www.nzx.com/files/attachments/207836.pdf
Must be a story there somewhere seeing they are clever dudes.
And remember Goldman were the ones who helped float KMD