Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Further more...
Continuing
Who is Buying indeed.
Citywire article. David Kempton tips Gleeson in his top two stocks for 2016.
Some very large sell trades showing yesterday. But, who's buying them? And today the price seems to be moving up again
Could well be.....
Maybe the director has stopped selling!
I'm not sure why it doesn't seem to move with the market but your reasoning seems likely. I think Chris Mills is carefull to attain sales when there is demand for the stock so the price is not effected. As I've indicated before I don't see his sales in a negative light.
Ok thanks I see it now. Mills again. Interesting that you say it doesn't usually move with the market- or the sector.? Maybe because it is fairly tightly held?
Trade date was 18 Dec 67,000 sold. Gleeson doesn't usually move in line with the market
Are you sure? The only director deals I see were very small div buys yesterday? But if there are sales today that may explain why gle missed the market rise today.
But the price is holding up. There must be buys to match his sales for this to happen. He is using this opportunity to sell some of his substantial holding imo.
Have a good Christmas/New year...imo ATB
Morning...if you don't mind...that is...Cheers
David Kempton has tipped Gleeson in his stocks for 2016.
When I first purchased shares in Gleeson it amounted to 5% of my portfolio. If I sell no shares it could now amount to 25% of my portfolio. I would regard this as massively over exposed, so have sold some. Chris Mills may also think likewise. If you think he is selling because he has special knowledge about the company, then that is not consistent with his previous sales, such as the sale of 160,000 shares on 2 March this year at a price of £3.60. The price has increased 50% since that sale!
You want me to explain the relevance of a director selling £3m of shares????
Not sure even myself...see the relevance to your post below...atm...perhaps you could explain further..Cheers
Correct. So what is the relevance of that?
The difference being that you are not a director on the inside track. I assume..
Which is very nice indeed...imo
The director may now have shares of 5 times the initial value, he is likely to see this as over exposed to this company irrespective of where he thinks the share price is heading. On March 22 he sold 160,000 shares at £3.60. On 22 June he sold 1000,000 at £4.40. My own holding is now almost 5 times its original value, so the same principal applies for myself!
Hmm. It would not be prudent if he believed the sp is heading north. It would be foolish. Director sales of this magnitude if unexplained will always raise a ?
I don't think this is his reason for selling. He has probably bought at a price of around £1 and maybe less. He also has exposure to this stock via a fund, NAS. So it would be prudent for him to reduce his exposure