The closed period...... Directors are not able to buy or sell shares in their company for two months before the announcement of results. This is known as the company's 'closed period'........... There is sometimes a flurry of activity in directors' dealings just before the start of the closed period, and just after it has finished, and at both times the dealings may have heightened significance:....... Directors' dealings just before the closed period indicate how they think the results will turn out. If they are buying shares, they think the results will exceed market expectations. If they are selling, they think the results will disappoint the market......... Our results for 2013 are due to be published in June so I presume we are about to enter a "closed period", hence if good news flow is expected and the SP is expected to grow in that time due to news on international routes etc the directors don't want to be spectators to the rise. Taking into account Brokers range of 5p to 15p, even hitting the lower end of that range would mean the £1 million pounds of director dealings NOW at 1.6p could cost them £3 million at 4.8p (just below broker range).....
We appreciate the support of Sir Stelios Haji-Iannou and easyGroup, demonstrated both in their subscription to the Placing and their agreement to terminate the Management Fee in return for shares. I welcome the fact that the fastjet management team has shown its confidence in the business by joining me in making a very substantial personal cash investment in our company........ well they clearly think this has now turned a corner and they are closer to this business than you or I.
It seems you were wise to sell before the consolidation. Most people do, but quite a few leave a 'runt' in the company. It sounds a terrible word but it's just this: I've escaped with all my capital in tact. Let's see if this runt grows' This is an extremely risky business, I dont just mean Fastjet, I mean most of the AIM companies. people talk about fun and excitement on the AIM. Losing money is no fun
I disagree. I sold prior to the consolidation as my view was it was simply an excuse to reduce the nr of shares so that they could grow them again via placings, thats why they went for 10 for 1. Then they did exactly that. The difference being that no directors (ignoring Leni) bought in then, why, because they also knew what was coming. Now however there has been massive (£1 million) Director BUYS, easy group have ramped up holdings to 10%, and they have secured upto £15 million of funding upfront to fund the expansion thats about to happen, the expansion that will drive the SP up. Why have they bought in now, again becasue they know whats coming....
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