Very bizarre, Handley held almost no shares when he was a director, he eventually gets eased out of his seat on the board,, and now he stumps up a $200,000 "vote of confidence". Does this man still have an ear to the horse's mouth?
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its very hard to believe that he does and this purchase is a result of any inside knowledge because if it is the dude will get crucified.
tho it definitely looks that way I doubt its anything other than someone who knows the business taking a punt. but it still a positive of course but just not that way.
This is good news. I have just added to my position this morning.
Look at the buying actively. It's not just one purchase, it's a mad rush to accumulate at inflated prices! He's was paying high 17's and 18's. It's constant buying. He's probably still buying!
What kind of director holds 17,000 shares for 7 years, then goes out and buys up big a few weeks after getting "let go" for unknown reasons.
He's investing long term for the dividends!
Yeah right.
https://i.imgur.com/iMBfbPZ.gif
What’s weird is that on 21 January a Final Directors Interest Notice was filed ...Derek had left the ship
Then why the need for today’s disclosure (did say previous one was last June so maybe at Sky is a bit confused)
Really weird
https://www.sky.co.nz/documents/1170...=1602032411876
"Disclosure obligations apply for a period of six months after the date on which a person ceases to be a director or Senior Manager. "
http://nzx-prod-s7fsd7f98s.s3-websit...099/190819.pdf
His last "on market" acquisition was in 2014. $24,000 worth.
Buys 10x that amount weeks after being let go.
https://i.imgur.com/iMBfbPZ.gif
He bought on the 3rd of Feb, so there should have been a disclosure to the market for relevant interest by the 5th Feb.
Me looking for that on NZX...
https://i.imgur.com/GQLhgU2.gif
It's obvious he doesn't know about the 6 month rule and got busted!
https://i.imgur.com/iMBfbPZ.gif
Did he hand in is resignation so that he could buy up big?
https://i.imgur.com/lrxwFQW.gif
Balance, get in here bro and say something!
From that measly 4000 shares since 2014 he also picked up 13,584 @ $0.12 in the entitlement offer 16 June 2020. So all in all it would appear that he had no confidence using his own money (a wise choice when you look at what the SP did 2014-2020) ... then slaps down $200,000 now! Has to know something (good) eh?
Must have noticed the lovely SP uptrend in place since the entitlement offer, albeit creating a huge overhang of shares that are now near 50% in the money.
Another large off market transfer.
Crazy stuff happening all over the place.
Just me talking to myself in this thread.