The directors are buying for one reason and one reason only. The AGM is coming up. There is no other reason why they would spend a penny on this worthless stock.
Come the day of the AGM the discussion may be about how little they spent on the shares as opposed to why haven't they bought any shares if they're so confident in their own company. It makes a huge difference to the atmosphere and sentiment in the room.
PLEASE TAKE NOTE OF THIS POST:-
Urbanexboi - "is it me or people were moaning when the directors wasn't buying shares and are now moaning about them buying shares"
Somebody defending the director purchases. On the day of the AGM I would strongly advise you all to be aware of possible plants in the room (and I don't mean daffodils). The company has such an appalling history of destroying shareholder value that certain people may turn up with the specific purpose of publicly defending the company against criticism.
They are planted specifically to give the impression that shareholders are happy with the progress of the company and to counteract any criticism of the directors and the company.
Like the Director buys or hate them, bottom line is if there is any criticism vocally on Wednesday then it will be levelled at Mike and Len, point being, these Directors didn't have to buy. Must admit I would have liked it if these two Directors would have brought 20 million plus but a buy is a buy.
Mornin Banjo, I see these last 2 buys as, at , best token gestures, but none of us know the financial position of these 2 directors.
All I care about mate is that IF it gives us a similar rise to the one last week we will possibly see the '02 to sell barrier reached. That to me is more important, but yes I would definitely say "why bother" unless I was someone who always looks at the possible positive, glass half full side of things.
Lets see what happens, I am well aware that in the coming months I may have to eat a whole lot of humble pie. if I do I'll take it like a man.
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