Chairman buys6 Feb 2020 16:48
I have to say that the new chairman buying £1.5M of stock before even taking the role is quite an amazing thing. Not only does it signal great confidence in the future opportunities for the company but also ensures that, as a big presence on the board, he will have no intention to vote for any derisory transfer offers that come in.
Which is, I think, vital given the likely vultures circling at present.
Price has stabilised somewhat since Tuesday close. If we can form a base in the mid 700s I think it’s only reasonable to expect a level of revaluation and demand prior to ex-divi date.
Hope recent investors aren’t too disheartened by things but obviously extremely tough on those who bought upwards of £10 not long ago at all.