I don't think we can expect to see directors buying shares whatever the SP is. We must remember. OPE is now a subsidiary of AL and therefore the directors in reality work for AL Any buys by directors may be seen as AL increasing their controlling share. Are there any laws against directors of subsidiaries taking up shares. Ditto any laws with regard to AL increasing their shares ie if they own a certain % are they bound to buy the lot?
Generally progress this year has been disappointing. The home market seems a tough nut to crack, and meaningful breakthroughs look as though they are hard to come by right now (hens' teeth). Yet the company arguably has some of the finest engineering examples available. Not much headway seems to be being made in Europe either.
One of my primary hopes remains with Busmark where future contracts, when awarded, will be substantial. MyCiti BRT has got its act together and their professional approach is way ahead of the UK patchwork scene. The link below indicates that professionalism which is absent in other quarters. There is a reference to Solo in section 4.2.3 and we can see the model has not been without its teething problems. There is every reason to expect further news.
Busmark did a sound job exhibiting part of the range on the SABOA stand earlier in the year. The Solo has become their flagship model. Tshwane-Rustenburg BRT planning and construction are underway. It would be a shock if the Solo is excluded from the feeder route plans. Johannesburg remains something of a mystery. A further caveat is placed on Gauteng-Limpopo-Mpumalanga contract deals . . . corruption in tender awards is rife. Whereas negotiations in the Cape are above board and professionally signed off.
The biggest Optare orders are more likely to come from SA than anywhere else.
A reminder about the most important question above all else: Why does it appear that not one Director has shown any interest in buying shares at this rock bottom price ... have they been told by the Indians that it is not a sensible move as they have plans afoot that make it not a good idea to do so? I'm out of this at the moment but believe things could be so different ... Directors buying would certainly see me back in and pronto! Thanks for taking the time to attend and good luck ...
Why is it the SP has faired so badly for years and shown more decline following the move to Sherburn when this was said to be the turning point of its fortunes and apparently it drops further whenever any so called good news comes out.
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