IF by any chance there was another take over in the works, would these recent insider purchases be considered naughty?
I suspect they are buying on the basis that all pertinent information are in the market, including the possibility of another takeover (alerted to by Commerce Commission).
Interesting that they have been buying post rights, rather than cum-rights.
gotta say this was a great investment buying after they announced the rights issue, 42c rights vrs 68c on market 62% return in less than a month , could be more maybe in time
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