Someone's been selling up large here. A buy depth of 300k+ @80c has disappeared in the space of an hour.
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Someone's been selling up large here. A buy depth of 300k+ @80c has disappeared in the space of an hour.
Former Chief Financial Officer Matthew Ward sold out on 24 March.
This puzzles me. Keeps popping to mind when thinking about what is happening.
Anyone else unable to let this thought go?
Ideas to why?
Perhaps needs the money, moving countries etc. Some households are currently selling up and moving home all over the world.
It's entirely possible he got caught up in the panic like many retail investors. Taking a long term veiw, selling $1.04 odd of property for effectively $0.45 or so doesn't seem a particularily smart move. Also, if he beleived the shares were worth $0.45, why did he not sell out at over $1.20?
You also have to consider the number of insiders who brought up during the period:
Gregory Tomlinson - Brought 1m
Elizabeth Coutts - Brought 50k
Alan Isaac - 10k + 20k
Mark Stockton - 90k odd
If you get excited over every insider buy/sell you will have a hard life.
Insider buying or selling shouldn't really be too looked into imo, but if we're going to speculate insider buying is probably a lot more reliable as a projection of company growth confidence than selling which can mean a new toy for home or absolutely nothing the public needs to actually know about.
Been plenty of times insiders all lined up and bought stock and the stock still plummeted significantly. I quite a few case studies where insiders bought heavily after a stock plummeted and then the stock just kept plummeting down, as if the insiders wanting to all lose 100k+ plus
Earl giving us the warm fuzzies
All quiet on the oceania front
Banks helping out if they need more dosh
http://nzx-prod-s7fsd7f98s.s3-websit...203/321422.pdf
Yup, boom times back on winner, even 80 cents looking pretty cheap now.
Net debt has jumped from from $150m as at end FY18 to $247m at end FY19, to $288.1m at 1H20, and $321.2 as at... Friday 24th April? 'Growth' in Net Debt seems to be slowing down a touch, not sure if other parts of the business is slowing down even more...
We are so lucky in NZ.....this virus did not kill all our aged care
well as the man who called the BEAR and shorted AIR. I would have thought you would be waiting for the wave of selling. Though MR O is ready with his printing electronic press..