Director buying

[moneymajix]

The chairman of ITC, Eddie Smith, buying on market


http://www.asx.com.au/asxpdf/20080201/pdf/3177xstqwgxwvj.pdf

Holds 42,806,011 fully paid ordinary shares

 

[ROE]

Got to watch in what circumstances do they buy it in and whether you think it's a good idea to follow their leads..and back it up with research ...It's not always good news

I never like ABC learning business model and the way they go on expanding like crazy and rack up massive amount of debt even though their directors buy heaps of shares.
I'm glad I stay with my conviction and stay out because ABC havent been doing that well and their directors probably face margin call because a number of shares they off-load in 1 hit.

 

[Trop Beaucoup]

WMT director Peter Smith bought 1m shares , bit of a roller coaster share but back to where it was last year but with a strengthened team and some serious U potential in Tanzania and Colorado, various other projects incl copper in Peru. Was a market darling last year - needs news and a quiet market to gauge true destination for this...
I added to my holdings at 8.5c. In for long term

 

[nioka]

Interesting to note that three of the AAE directors have purchased a considerable number of AAE shares at $1 when the market price is 3c. Please can anyone explain. The only conclusion I can come to is that they are trying to keep the company afloat and are prepared to pay for that or maybe the announcement is not correct ????????????

 

[Trop Beaucoup]

Hi Nioka,

first glance-Just exercising options agreed at EGM not an on market trade

 

[moneymajix]

Re: Big Bucks

ALK

Ann. today - Director, Ian Raymond Cornelius, buying on market.

A 1b) 100,000 shares ALK
B 1c) 989,509 shares ALK

A 29.8 cents per share
B 34.5 cents per share

 

[nioka]

Hi Nioka,

first glance-Just exercising options agreed at EGM not an on market trade

You are right but if they were OPTIONS which means they didn't HAVE to take them up why did they. I can't see the logic unless they have faith that they can get value down the line. A $1 is a hell of a lot of money to pay for a 3c share. Were they obliged to take them up as a condition of them being granted in the first place. The strangest directors buying I can recall. If it was a sinking ship I would expect the directors would grab what they can and man the lifeboats.

 

[Trop Beaucoup]

More buying from directors in WMT...

 

[Bushman]

Director of BMN Resources bought 20,000 odd share yesterday on market. Mkt seemed to like it with the sp appreciating.

 

[Ferret]

The directors of BLY buying up big in the lsat few days.

Can't say I'm game to follow them at the moment though .....

 

[Hawkeye]

I noticed the BLY directors buying as well. I hold and I bought another small parcel at the same price as the directors. I wouldn't necessarily recommend others follow my lead - I know the Chairman of this company and he's a top bloke...was primarily the reason I became a shareholder in this company in the first place. After buying at the same price - BLY dropped about 7 cents. Because of what the company does though - I think they'll recover in the new year. Why? Put simply we have a lot of stuff still in the ground that other countries need - and BLY are the best at getting it out!

DYOR

 

[ROE]

I noticed the BLY directors buying as well. I hold and I bought another small parcel at the same price as the directors. I wouldn't necessarily recommend others follow my lead - I know the Chairman of this company and he's a top bloke...was primarily the reason I became a shareholder in this company in the first place. After buying at the same price - BLY dropped about 7 cents. Because of what the company does though - I think they'll recover in the new year. Why? Put simply we have a lot of stuff still in the ground that other countries need - and BLY are the best at getting it out!

DYOR

Good person doesn't translate to good managers
the guys can be a top bloke but crab at managing a business.....

their business seem to have a lot of debt and interest cover less than 3 times... in this environment anything less than 4 times cover look very shaky, hence people exiting and yes I wouldnt follow you

 

[exgeo]

Elk Petroleum (ELK)

........Name.............Date.........Shares purch.......Price (c).....Total Spent ($)
Peter Power.............23.01.08........24,526.......... .......35.................8560
Glenda McLoughlin...02.05.08........35,000............... ..46..............16,100
Peter Power.............30.04.08......250,000........... ......54............135,000
Andrew Rigg.............09.05.08......100,000............ .....49..............49,310
Robert Cook.............09.05.08........50,000........... ......52..............26,135
Peter Power.............22.05.08........33,300.......... .......50..............16,650
Peter Power.............26.05.08........38,315.......... .......50..............19,158
Peter Power.............28.05.08......100,000........... ......56..............56,065
Peter Power.............10.06.08......178,385........... ......55..............98,246
Peter Power.............16.09.08......165,879........... ......30..............49,764
Peter Power.............18.09.08........34,121.......... .......30..............10,236
----------------------------------------------------------------------
Total:..................................... ..1,009,526..................48c. .......$485,224

 

[springhill]

CNX director Peter McIntyre, buying 50,000 shares onmarket on the 23/10/08, nothing earth shattering about that..... but it is his first holding of fully paid ordinary shares, also holding 1 mill options

 

[nunthewiser]

can get a daily rundown of what directors buying what here

http://www.businessspectator.com.au/bs.nsf/filter/Director+Dealings?opendocument

can get a daily rundown of who is buying who here

http://www.businessspectator.com.au/bs.nsf/filter/shareholder+notices?opendocument

you guys already probably got similar to use but i find them handy for a quick look in the evening to see who,s doing what withoutr scrolling the whole asx pages

 

[burglar]

Left right and centre ... Directors are buying, buying & buying!

Do they know something!?

 

[tech/a]

Left right and centre ... Directors are buying, buying & buying!

Do they know something!?

Years ago " Insight Trader " put out director buying alerts
For a time they put out past notifications.
I spent 3 weeks manually going through them.
I found that in the longer term 3 mths plus you
Would be worse off buying an alert.

There was no edge
Another logical theory dashed!

Having said that if price then showed reason to believe strong positive
Sentiment then there could be a trade in it.
Another indicator

 

[CanOz]

Years ago " Insight Trader " put out director buying alerts
For a time they put out past notifications.
I spent 3 weeks manually going through them.
I found that in the longer term 3 mths plus you
Would be worse off buying an alert.

There was no edge
Another logical theory dashed!

Having said that if price then showed reason to believe strong positive
Sentiment then there could be a trade in it.
Another indicator

Tech, have you still got those records? It would be interesting too see what exactly their average time-frame was.

CanOz

 

[Ves]

Years ago " Insight Trader " put out director buying alerts
For a time they put out past notifications.
I spent 3 weeks manually going through them.
I found that in the longer term 3 mths plus you
Would be worse off buying an alert.

There was no edge
Another logical theory dashed!

Having said that if price then showed reason to believe strong positive
Sentiment then there could be a trade in it.
Another indicator

What about a time frame of 2-5 years?

 

[burglar]

And everywhere I am reading about unwinding shorts!

Is there a market reversal in the wind?