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The sales were on 18th June. The share price reached a high of 70p on 7th June, falling to 63 on 17th June.
I think the problem the directors face is that they become liable for tax when the options vest, so need to sell some shares to cover the tax payments.
Given that 665k shares hit the market, which normally is over by a trade of just a few thousands, I think the share price held up very well. No doubt one of the IIs bought them.
It only fell last week so I don't get what you are seeing.
Platoh I just find it very strange that the Directors are trading there own shares like a day trader would. Sell some cheaper ones to buy the next tranche , it doesn't smack of over confidence to me.
I don't agree with the sp fall a week before btw , it happened in tandem as far as can see.
@covgaz - they received the shares "under the Company's Long-Term Incentive Plan", so part of their contractual compensation package. Pretty normal stuff and, if you were a shareholder at the time, you probably voted for the plan.
As for trashing the share price, it had already fallen in the week before the sale.
Its exercise of 10p options that they have partially sold and to be fair they sold less than 26% of the options exercised between them.
Agree optically this doesn't look great given trading update should be out mid next month onwards, but directors typically only have a short window in which they are allowed to sell, not insiders etc
We all have the same aspirations. I wouldn't expect the top brass to need to sell half a million shares , between the three of them ,to fund the options granted for free. It was obviously orchestrated by the three of them for their own gain.
Each to their own , I'm sure you know better than me.
Strange editing by LSE on my last post but heyho
i feel ****e and lee are completely aligned with my aspirations, keep going gentleman and continue to top up as you have done over the past few years.
So the directors trashed the sp by 10% so they could buy their options. I assume the shares they sold were earlier options at a cheaper price.
Pity they aren't aligned with normal shareholders , hand in pocket and buy some.
I meant, by end of July.
With the upcoming trading update probably going to confirm the progress on growth and profitability, the drop in the SP makes for a buying opportunity. Should be significantly higher by end of June.
Or so I hope.
A clever move by the board. It won't grab any headlines, but it shows what a shrewd bunch they are with their business dealings and keeping a real eye on costs, and you can extrapolate that to the rest of the business.
It's much better to pay off the mortgage and own the asset at the end of it, rather than pay the same amount in rent each month and end up with nothing.
Take care of the pennies...
I think it is just good business to buy the building - the finance director is a sharp cookie. Can’t think it makes any difference re a take over but I think it does suggest continued growth and optimism (measured as ever) - we will see shortly!
I'm in no rush for a takeover either!
I'm in no rush for a takeover either!
I think it makes it a more attractive proposition but I am not hoping for a takeover just yet. Do we lease/rent the facility in Garforth (West Yorkshire), or do we own that? Checked my research notes and still not sure. Moved from Swillington some time ago but I seem to remember to larger leased facilities but I could be wrong.
And in true TRX style, the SP drops off the back of good news lol
The RNS makes me think there are no (immediate) plans for a takeover? What do you think?
Agree - implies steady as she goes growth - key update coming up
Lots of positives to take from this short note, leaving me reassured ahead of the next trading update.
Yes so well run - they have sight of all the components of their business - a company I have always actually enjoyed being part of and intend to stay part of for many years to come
Another good move by the Board.
Often good companies on AIM are squashed for years as the major indexes are in consolidation. They almost always follow
The major markets. FTSE reaching all time highs and breaking out, along with the S&P should see any legitimate AIM companies moving up. Clearly TRX is undervalued so it should move well if major markets continue.
Oops . I foolishly assumed Google would serve me a recent news item as first search result.
Was looking for a reason for the recent increased interest.
That's a Tuesday in 2015 lol...but does show the hard work and regulatory approvals that are in the bank with TRX
Https://uk.news.yahoo.com/finance/news/tissue-regenix-jumps-acl-treatment-150700445.html
Shares in Tissue Regenix jumped on Tuesday, after the producer of devices for regenerative medicine said it had taken a "critical step" towards securing approval for a new treatment. The UK's Medicines and Healthcare Products Regulatory Agency (MHRA) has given the green light to the first stage of clinical trials on the company's Orthopure XT