RE: email to Shan and reply25 Sep 2018 15:06
Boon Boon, excellent write up BTW.... Yes we are chatting on both (would rather not say arguing) :D
I would just like to know when the Boots deal "was done" if it was the 18th its a hell of a coincidence.. Once day before results so they can announce it with the results, HC is not in a closed period and can sell straight into the news.... Had he released a week before he could not have sold.. PI's would have benefited, who knows what would have happened to the share price...
It may be the deal was done on the 18th - clearly..... But it adds to a perception that I am now feeling, that trust and credibility are lacking here, and respect for shareholders... If he did want to move that much stock, there were also better ways than a large dump onto the market....
"IF" his sell order was active during that interview, that is also extremely concerning.... Although they were being "cautious" they were also being bullish and I don't see how he could sit there for almost 20 minutes putting forward the investment case for IDP whilst dumping 7% of the company... It is 100% unethical.. Does it meet the bar for market manipulation though? I don't know ... Its certainly not what I want our board to be doing....
Also I press again the point.. How does he look our investors in the eye at the AGM who funded the company at 270p after selling 1 million shares at 150p average....
Looking at the share prices across the days trading post results, I don't see how he got an average at that level unless the deal was spread across multiple days, with the deal concluding on the 21st....
Very dissapointed with the whole saga and its a massive shame, because the company appears to be doing well...
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