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I’d be interested in Stockready1s assessment now given this will not be £15 by the end of august now…
I sold at £1255 after Naths decision to sell his shares and it’s proven to be the right call.
It could be for many different tax reasons
Urgent other private investment matter
Person circumstances beyond what we ever know
Questioning why CEO sold shares while the company is going from strength to strength and global population aging (huge demand for product) and also covid behind us more than ever you should be on than out
I still say we see at least £18 this year
Expect massive profit boost and possible divi rise
This is a gold mine and I have added loads more on any weaknesses and will continue to do that and hold for long term. My targets are above £ 20 by Q1 of 2023.
Truly huge upside here
Paitient and proper research is the key not what CEO does or doesn't do.
Read the health of the company and expanding businesses around the world, you soon find out this will be above 15 by August and above 18 by the end of the year
GLA
IMHO
ALWAYS DYOR
It's just really very bad form for a CEO or any senior insider to sell a significant number of share (or any imv) so early in their tenure. It's also a governance failure by the BoD not to have restricted this. A clue to poor governance and short term mentality imv.
IMHO DYOR
Charmer, mentioned in yesterday’s RNS.
I stand corrected 897k
https://www.etfdailynews.com/2022/05/24/insider-selling-smith-nephew-plc-lonsn-insider-sells-70378-shares-of-stock/
He was only just awarded 70378 shares and they have bitten the dust to raise over 907k… wow this guy has some debts . How do we know it’s still a tax bill he is paying off?
More share’s sold by Deepak to settle a tax bill, hope he is getting some advice!
Whichever way I look at it £340,000 of shares is a heck of a lot for a new CEO to sell if he sees a big upswing coming. It just bugs me and that's why I'm waiting on the sidelines.......for now.
Still actively watching and will re-enter at my target level.
This is still an £18 share but the ability to trade the peaks and troughs should never be dismissed as sentiment still rules logic in this market.
(£12.94)
If you read my posts you'll realise that it was based on market sentiment that the share sale invokes. S&N is a quality share and Deepak has a shed load of transferred incentive joining options at £12.13. Having sold out and gone to cash at 22.94 I'll happily reinvest at a more realistic level. That is what I now expect Mr Nath to do. I am patient and very happy with prospects here but not foolish enough to ignore both a director share sale and an overstretched FTSE down on Fibonaccis.
You guys are truly so naive
Acting on your share based on what he sold? The guy might have 100s of different genuine reasons for his sale and none of the related to the duture company performance !!
Specially surprise by Ada who were ramping day in day out and now seems to sold shows to me sadly he was totally clueless about his investment here and so people like that are better be out.
This will heading north in no times
Watch the space
GLA
IMHO
DYOR
Whoever thought up that gem as an incentive had scant regard for shareholders and reflects poorly on the decision making process at S & N.Very few on this board would sanction it,I am pretty sure of that !
In the wider scheme of things it prob doesnt mean a whole lot, but badly judged none the less.
It was probably an incentive to join. We'll pay you tax bill if you join us. Deepak had no choice to sell, as that was the deal.
The amount is small but the vibe is poor.
He either doesnt care or isnt aware,neither of which is bullish.
As long as the US recovers its mojo then S&N will also make progress,eventually !!
I spotted that but think it's a really poor time to do it. I'm sure he has sufficient assets to cover the tax demand and if he was really upbeat on S&N share price direction why sell something he sees as increasing in value in the near term. Sorry, it just sends out a real negative and I'd rather sit on the sidelines till things become clear. Is he seeing China as a hiccough.....will watch and wait even if it costs me going forward. My gut feelings are often correct and I've ignored them at my peril in the past.
Adastra, looks like he is settling a tax bill, hope you’ve not cashed in early.
For the moment I’m sitting on my hands.
Agreed, I sold out this morning and went to cash at 12.94. I really expected him to buy in as frequently cited. His sale was a major negative and a 100% turning point for me. He's been in the chair for 6 weeks now and a sale, any sale is a huge faux pas for investor sentiment. Solid share, crass move imo.
Did I read the RNS correctly that Deepak has sold 29,000 plus shares? If so then it’s not a good message so early on in his tenure.