Just as well you not showing a profit per share graph since 2016.
In 2016 we had about 63mil shares on issue, now close to 87mil. That profit now is shared more widely. :(
I wonder what the Board thinks about the share price being $2.15
They seemed rather distressed when it was $3
All joking apart, this IS the kind of double-faced behavior which institutional investors take keen note of.
Why would anyone (especially a a chartered accountant, and professional director and investor with 25 years’ experience in senior and CEO roles in private and listed companies) sell shares when the shares are so undervalued?
In my journey of investing over the years, I always recall an institutional investor dumping his fund's total shareholding of Ceramco's shares when Charles Bidwill stepped down complaining of ear-ache problems which prevented him from flying BUT was rumored to be in a plane a few weeks alter.
The manager did the right thing as Ceramco's share price almost totally collapsed a few months later.