...I see he has $300,000 in bonds as well .......probably thinks too many shares is a bit risky.
Paul Byrnes building a deck for summer?
https://www.nzx.com/announcements/335919
Its always a worry when directors / senior executives see the best way of financing a deck is selling shares. Jeez - he could probably extend his mortgage for 4%. (and wouldn't his healthy TRA divvies pay that?). Which tells us his expected limitation of growth in the TRA SP
taking the opportunity to sell before the buy back kicks in given how undervalued they are. Like any sensible director would.
Of course it is only a small amount relative to the holding, but if the director surely believed they were the absolute bargain, which we can assume is the reason for voting for a company buy back, then he would finance the continued ownership, wouldn't he?
Directors and management selling shares is not necessarily a bad sign. Directors and management buying shares is more likely to be a good indication.
As a case in point Scott Bradley sold 6,000,000 plexure shares for 20 c each about a year ago.
I bet he regrets that decision
Maybe buying a few PAZ.?
Not really material or significant, considering the number he holds.
The buy back means he [and us] have increased our % holding,and in Paul Byrnes case, by more than he has sold..
ps.TK {team knockers] will have a field day.
HARD HAT ON.
More to add to my ignore list??...LOL.