sharetrader
Page 124 of 204 FirstFirst ... 2474114120121122123124125126127128134174 ... LastLast
Results 1,231 to 1,240 of 2038
  1. #1231
    Senior Member
    Join Date
    Jan 2013
    Posts
    1,267

    Default

    He potentially bought more today too Percy. The depth was extremely weak and yet someone just hit the ask for 100k+ shares. Looked more like someone trying to help the share price than get the best entry price!

  2. #1232
    Member
    Join Date
    Dec 2019
    Location
    Auckland
    Posts
    481

    Default

    Quote Originally Posted by percy View Post
    Pleasing seeing the chairman brought 200,000 shares at 60 cents increasing his holding.
    Old saying says plenty of reasons directors sell shares, but only one reason they buy them.
    Certainly a positive sign compared to Directors selling up.

  3. #1233
    Senior Member
    Join Date
    Sep 2001
    Location
    Wellington, , New Zealand.
    Posts
    626

    Default

    Quote Originally Posted by JohnnyTheHorse View Post
    He potentially bought more today too Percy. The depth was extremely weak and yet someone just hit the ask for 100k+ shares. Looked more like someone trying to help the share price than get the best entry price!
    Looking back into the announcement history for Michael Stiassny:
    5Feb2014 - Initial disclosure of 82,335 shares
    2May2016 - Acquired 397 shares from estate
    7Dec2017 - Acquired 80,000 on-market @ 62.6c ave
    14Dec2017- Acquired 150,000 on-market @ 68.3c ave
    20Dec2017 - Took up 42c rights + 82,732 shares
    23Oct2019 - Took up 56c rights + 98,866 shares
    26Nov2020 - Acquired 200,000 on-market @ 60.0c ave

    Current new holding 694,330. This is the largest purchase to date, and also the first on-market purchase in over 3 years. I'd agree with JohnnyTheHorse that there's a good chance this wasn't just a 200k purchase but nearer 400k including the circa 200k bought at just before mid-day on the 30th. The on-going disclosure notice was filed at 3.17pm on the 30th.

    Also is that the 30day MA just crossing the 100day MA (directbroking chart)?

  4. #1234
    Member
    Join Date
    Oct 2011
    Posts
    303

    Default

    Quote Originally Posted by percy View Post
    Pleasing seeing the chairman brought 200,000 shares at 60 cents increasing his holding.
    Old saying says plenty of reasons directors sell shares, but only one reason they buy them.
    A good price too, good for him!
    Last edited by Poet; 01-12-2020 at 07:08 AM.

  5. #1235
    Senior Member
    Join Date
    Jan 2013
    Posts
    1,267

    Default

    CEO and a Director have also taken reasonable sized positions post announcement. I'm still expecting a further update from yesterdays acquisition not covered by the disclosure notices so far.

    1 million share also just crossed at 61.

    https://www.nzx.com/announcements/364276

    Disc: trading position.
    Last edited by JohnnyTheHorse; 01-12-2020 at 11:32 AM.

  6. #1236
    Legend
    Join Date
    Dec 2009
    Location
    Everywhere
    Posts
    6,928

    Default

    Quote Originally Posted by Poet View Post
    A good price too, good for him!


    Nice to see the CHAIR developing a taste for Non Dividend Paying Shares in his favourite company ..

    Hope he enjoy the investing experience ..
    Last edited by nztx; 01-12-2020 at 02:26 PM.

  7. #1237
    Senior Member
    Join Date
    Jan 2013
    Posts
    1,267

    Default

    Huge volume crossing at ever higher prices...

  8. #1238
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,738

    Default

    Just over $500 to insure you boat seems reasonable

    Another few mill to the bottom line ...cool

    http://nzx-prod-s7fsd7f98s.s3-websit...421/336707.pdf
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #1239
    Member
    Join Date
    Oct 2011
    Posts
    303

    Default

    Bought a bolt-on already. A bit hard for us to know whether this is good or bad without disclosure of how much they paid.

    https://www.nzx.com/companies/TWR/announcements

  10. #1240
    Senior Member
    Join Date
    Sep 2001
    Location
    Wellington, , New Zealand.
    Posts
    626

    Default

    Quote Originally Posted by Poet View Post
    Bought a bolt-on already. A bit hard for us to know whether this is good or bad without disclosure of how much they paid.

    https://www.nzx.com/companies/TWR/announcements
    My reading was that the cost is some sort of ongoing referral fee to Club Marine. No cash upfront. Its unclear if this referral fee is one-off as customers sign up or ongoing like banks ongoing payments to mortgage brokers. Either way it should be factored into the pricing to make it profitable business for Tower.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •