RE: SEE ..Director BuysToday 20:40
Director buys have been (in other companies) a disastrous marker for future promise, so are largely ignored by Mr Market. However the product and CFO buys are the main reasons why I have held, add in McGlones recent buys gives me a lot of backbone to hold. I think the CFO and CEO know this but have bought to make serious money as I they should know what is coming, and their buys are pretty large to date.
The real problem is that the company have been seen to have failed to deliver. On almost every promise they have under-achieved, this is an unpalatable fact for Mr Market. A lot of this was not entirely their fault, Covid, War, ENCAP delays, Manufacturer secrecy, all have played their part as well as good PR played by our main competitor. McGlone failing his own targets was a massive Red flag.
However I don’t want to see any more director buys, I want delivery and so does Mr Market and this week we really saw the first real solid evidence. We need a follow up success in 3 months, but we really need something additional between these dates, something else delivered that will really drag Mr Market wanting to really buy.