I checked on the NZX website. As far as I can see no insiders bought shares in 2015 and 2014.
I would like to see Cavalier successful again. I have profited greatly from Cavalier in the Past.
They used to be a company that paid good dividends and did exactly as they said they would do.
Grant Biel was one of the two founders of the company. Now, whether that means he knows more about the situation than most or whether he's just putting a few more dollars into an already big shareholding as a morale boosting exercise............?
According to an article in the DomPost today, Godfrey Hirst, in its submission to the CommComm on the proposed merger of Cavalier Wool Holdings and NZ Wool Services International, is concerned that "all of its business" was exposed to the commission's decision on the scour merger. They claim that a merged business could refuse to scour GH's wool or double its processing fees. The CommComm chairman said its preliminary view was that the proposed merger "would substantially lessen competition in the small, domestic wool-grease market............ however, at this stage the commission is currently satisfied that the public benefits would outweigh the loss of competition."
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