Ready to shoot last drop before rise .£m buy from CEO says it all23 Sep 2021 23:47
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The CEO has bought in with £3m in the equity raise which is the same as current prices. That's a pretty big number for someone's whose total compensation is around 500k. He's been at the company for 30 years and he's not far off 60 now. My guesstimate while trying to work out his net worth and wouldn't put at it more then 15m considering the salary at a smaller cap UK company in 1990 onwards starting as a financial director (even taking into account his potential property/stocks appreciation of around 10% a year which he may have acquired). So for him to put in at least 20% of his retirement fund on this bet speaks volumes. There has also been smaller buys from the other board members and increases in positions from institutions. The possibility of a takeover is also there.
On the technical side, the RSI is very oversold and the MACD looking like it could have a bounce.