A NZO director just spent about $178k on market....
It's gotta be a good sign.... Hopefully....
https://www.nzx.com/files/attachments/225595.pdf
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A NZO director just spent about $178k on market....
It's gotta be a good sign.... Hopefully....
https://www.nzx.com/files/attachments/225595.pdf
Also means in the short term no major announcements will be taking place that the market does not already know about,as otherwise director buying would be deemed insider trading. But yes in the longer term it does at long last start to look better.
About a year ago I made my prediction that things would start to come together by June 16. I will stick to that. A lot of oil producers are hurting now and more so in the coming months. Good to see NZO holding off for now with more acquisitions as the future does look better on that front.
https://www.nzx.com/companies/NZO/announcements/274271
Another director buying?
Can only be good news long term...
I have to agree, it's made me stand up and take notice TJ. However I believe there are still head winds on global oil prices though. Iran for one are chomping at the bit to inject a mass of oil on an already overflowing oil market, surely that will hurt a few companies if they're not already.
Something must be cooking in the background though with those directors buying in hmmmm.
Balance me old mate,your back. In a different mood I see as we agree that the shares in question were highlighted some 4 or 5 weeks ago as options that the company would buy back from the staff. These options have to be converted first to fully paid shares B4 they can be bought and then cancelled by the company.