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Thanks for that Tex, It shows that somebody has a lot of faith in this company and fully expect it to recover in the future. I myself have continued to buy on all the dips and just hope, we turn the corner soon.
The share price has been going down since Jan 30th this year! Our Chairman skilfully caught a falling knife as he started buying in Feb..
In terms of the details I think the latest purchase was his third. The other two are detailed below.
RNS from 6th Feb
The Company announces that it has been notified by Greg Lock, non-executive Chairman designate, that on 4 February 2020 he and his wife purchased in aggregate 184,300 ordinary shares in the Company at an average price of 787.66p per share. Mr Lock already owns 15,700 ordinary shares and has purchased an additional 44,300 ordinary shares. Mr Lock's wife, Rosemary Lock, has purchased 140,000 ordinary shares. This means that when Mr Lock becomes a director on 14th February 2020 he will be treated as having an interest in 200,000 shares in the Company.
Also March 27th purchase @ 368p
The Company announces that it has been notified by Greg Lock, non-executive Chairman, that on 26 March 2020 he and his wife purchased in aggregate 238,500 ordinary shares in the Company. Mr Lock already owns 60,000 ordinary shares and has purchased an additional 86,000 ordinary shares. Mr Lock's wife, Rosemary Lock, already owns 140,000 ordinary shares and has purchased an additional 152,500 ordinary shares. This means Mr Lock has an interest in 438,500 ordinary shares in the Company.
when was the last time they bought MCRO shares? and how much did they pay for it? since then, has the sp gone down?
when Directors start buying its always a good sign , imo nice amount too, shows they think the Sp is pretty well on the floor
GLA LTH when the results are released a rerate back to £5 be a good start, imo
Shorters responding to the directors buys by counter selling, algorithm small batches - constant
They cant keep this up forever..patience needed
Chairman stumps up more cash to buy and the price still doesn't end blue!
Crazy.
Its never a value trap. Alpha is clueless...Stockopedia uses that classification (amongst others) and is the best site by a country mile for analysing shares. On Stockopedia MCRO is correctly classified as Contrarian with a value rank of 92 and Quality of 51...its the the momentum (of 3!) which will be "shorted out" soon
The Chairman doesn't seem to think MCRO is a value trap. A decent sized top up too. He will be in a better position than the Hedge funds with regards to future prospects. It will be interesting to see if they start reducing their positions.