RE: Family purchases20 Nov 2024 17:06
Hey Simon I know you believe in fairies and company nomads projections but not all director buys work out well.......
"But to state the bleeding obvious, it is by no means a guarantee that companies will gain. There’s no shortage of companies that have gone bust despite directors buying. For example, Openpay (ASX:OPY) went bust less than 2 years after then directors Yaniv Meydan and Michael Eidel bought $4m and $200,000 respectively at over $2 per share. There was a ‘step-change in business performance’ alright, but not in the direction the company hoped for".