RE: Over £14m in director purchases - BOOM TIME coming17 Jul 2020 08:46
Regardless of what anyone thinks, Director buys at this level send a strong signal to the market that the worst is over. These guys don't want to see a paper loss on their money, they are greedier than the lot of us.
Take from it what you will but Director buys at that level is a huge buy signal. It wasn't the normal 50 or 60 share exercise of options you see. This was a massive sign of support. Why spend £14m if you thought that there was a fundamental issue that would see the SP see a sustainable drop and suffer a paper loss for any period of time. At that level, a drop of 10% is £1.4.
Its ridiculous if people think other wise.