Sam Morgan is backing his own horse
Sam Morgan loads up on Xero shares
Chris Keall | Thursday April 16 2009 - 03:51pm
The Trade Me founder is backing his own horse. Today Xero director Sam Morgan disclosed the purchase of 1.1 million shares in the company on April 6, bringing his total holding to 2.91 million or around 5% of the company.
Mr Morgan paid $1 million or 90 cents a share for his parcel of 1,111,111. Xero's shares closed at $1.15 on the day of his purchase.
http://www.nbr.co.nz/article/sam-mor...-shares-101245
Darn, I was so close at buying some at 0.70!