The regulations on insider dealing also apply to purchases by a company in the same way as to purchases by individuals. BLVN must not, therefore, continue purchase its own shares when the directors have price sensitive information that is not known to us humble PIs.
If, at long last, say BLVN are pretty close to concluding a transaction for an acquisition or any other material factor which could affect the SP going forward, then the company could not continue to purchase more shares given this privileged information. I cannot see any other reason for the stall (in buying). The last RNS stated the co were still looking at various acquisitions so I just wonder if something was now on the boil so to speak. Let's hope it is not VOG!
""An Australian study has found that about one in five corporate executives are psychopaths – roughly the same rate as among prisoners. The study of 261 senior professionals in the United States found that 21 per cent had clinically significant levels of psychopathic traits. The rate of psychopathy in the general population is about one in a hundred""
I've commented on this before. KH got this job through being the CFO for the very successful Cairn Energy. I feel he lacks the "Killer"" instinct for a CEO. I'm sure he's a nice guy but don't we want someone ruthless at the top....??
Where's the ruthless cost cutting at HQ and at Euroil...?? Where are the deals buying up assets at distressed prices...??
Would dearly like to know what happened to the companies plan to buy back 48m shares, or is this just another one of KH air brain schemes. Something seems to have happened to bring it to an abrupt halt.
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