RE: Directors buys25 Sep 2019 22:44
"A purchase by a director in the company he or she runs is a classic signal for investors.
Directors can buy and sell shares in their own companies during periods when they are not aware of any information which the general public is not aware of which might cause the price to move. If they have such ‘insider information,’ they are not allowed to trade.
However, there is an important distinction between insider information and insider knowledge.
Directors have insider knowledge at all times.
No one has a better insight of a company’s prospects than its directors. Even if there is no takeover in the air or no breakthrough, a company director should know the business inside out.
From the skeletons in the cupboard to the progress in the lab to the prospects far into the future, directors have a picture no one else can expect to see.
So when they sell, it’s a good bet you should sell too, and when they buy it is a good tip things are looking up, or, at worst, the share price is looking cheap."
So basically from the above I take it that even though CF recently bought shares that doesn't mean that news can't come any day now as obviously it could be an agreement that was put to him after he made his purchase and lets keep it real even if it was something that he was maybe aware of it is most probably difficult to prove and in any case for something to be proved it would need to be investigated first!
I agree with the bit in the article where it says that directors generally don't buy shares on a whim and irrespective of their overall personal wealth they arnt really in the business of chucking £10,000 down the drain so on that basis I'm taking his recent buy as a very encouraging sign for what is to come before this year is over.
Sign In
Follow the stocks
