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  1. #3471
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    Quote Originally Posted by Mudfish View Post
    Nice post. I put a lot of faith in the fact that 5 out of 7 directors have bought in at just over the dollar mark. Surely that screams confidence.
    Never count on that ....eg ....not that long ago the (now former) chairman of CBL loaded up from the market.

  2. #3472
    percy
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    Quote Originally Posted by Lola View Post
    Never count on that ....eg ....not that long ago the (now former) chairman of CBL loaded up from the market.
    I guess like every rule on the sharemarket there are exceptions...
    This morning I was searching the share register of an unlisted company I have shares in.
    Was very excited to see all directors and CEO had increased their shareholdings, since the last update.
    Very excited.!!...lol.
    So I would think that rule is correct 9 out of 10 times.
    Certainly very profitable following director Gregg Tomlinson.

  3. #3473
    ShareTrader Legend Beagle's Avatar
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    Always a good thing for Directors and senior management to have plenty of skin in the game to keep them sharp and highly motivated. I recall eons ago reading some study done in America which suggested a very strong correlation between market outperformance and significant director / senior manager shareholdings...must be good old human nature to work more diligently when your own money is at stake. Far to easy to throw around others people's money on spurious things / pet-projects when none of it is your own, as we have seen countless times before.
    Last edited by Beagle; 14-04-2019 at 05:12 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  4. #3474
    Speedy Az winner69's Avatar
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    Quote Originally Posted by percy View Post
    I guess like every rule on the sharemarket there are exceptions...
    This morning I was searching the share register of an unlisted company I have shares in.
    Was very excited to see all directors and CEO had increased their shareholdings, since the last update.
    Very excited.!!...lol.
    So I would think that rule is correct 9 out of 10 times.
    Certainly very profitable following director Gregg Tomlinson.
    I see that Maddog has an interest in that unlisted company ......Beagle maybe?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #3475
    percy
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    Quote Originally Posted by winner69 View Post
    I see that Maddog has an interest in that unlisted company ......Beagle maybe?
    I can't find Snoopy's name in the top 26 shareholders list.
    Must be held in a custodial or a trust's name.
    Last edited by percy; 14-04-2019 at 06:45 PM.

  6. #3476
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    Quote Originally Posted by percy View Post
    I guess like every rule on the sharemarket there are exceptions...
    This morning I was searching the share register of an unlisted company I have shares in.
    Was very excited to see all directors and CEO had increased their shareholdings, since the last update.
    Very excited.!!...lol.
    So I would think that rule is correct 9 out of 10 times.
    Certainly very profitable following director Gregg Tomlinson.
    Oops Gregg Tomlinson not Thompson. I agree with your quote he seems the savvy investor

  7. #3477
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    Quote Originally Posted by percy View Post
    I can't find Snoopy's name in the top 26 shareholders list.
    Must be held in a custodial or a trust's name.
    Where would you find that information about top shareholders

  8. #3478
    percy
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    Quote Originally Posted by Ggcc View Post
    Where would you find that information about top shareholders
    Go to NZ Companies office,,,.I google it.
    Then type in the name of the company.
    Usually takes me a bit of playing around to find the shareholders.

  9. #3479
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    Couldn't resist increasing my OCA holding by another one third last week at the $1.00 special.
    Now is 25% of my portfolio at an average buy price of $1.08 so still showing a few thousand dollars in the red.
    Nice to see it on the way back up today & touching on $1.03. Hope the $1.00 lower limit will be left behind this time.

  10. #3480
    Aspiring to be an Awesome Bear
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    Craigs have downgraded OCA from BUY to HOLD and decreased TP

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