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Directors' Transactions

 

See notes below for why you should follow directors' transactions

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Latest director's on-market sharePurchases and Sales

COMPANY DIRECTOR DATE NUMBER PRICE AMOUNT
TRUSCOTT MINING CORPORATION LIMITED (TRM)Peter Smith17 Apr 2612,000$0.081$972
FUTURE GENERATION GLOBAL LIMITED (FGG)Kate Thorley17 Apr 267,000$1.640$11,479
WAM STRATEGIC VALUE LIMITED (WAR)Kate Thorley17 Apr 2610,500$1.170$12,285
FUTURE GENERATION AUSTRALIA LIMITED (FGX)Kate Thorley17 Apr 2610,000$1.348$13,479
WAM INCOME MAXIMISER LIMITED (WMX)Kate Thorley17 Apr 267,500$1.631$12,231
WAM ACTIVE LIMITED (WAA)Kate Thorley17 Apr 2610,000$0.995$9,950
EXULTANT MINING LIMITED (10X)Brett Grosvenor16 Apr 26100,000$0.187$18,691
TRUSCOTT MINING CORPORATION LIMITED (TRM)Peter Smith16 Apr 2616,585$0.079$1,310
NOBLEOAK LIFE LIMITED (NOL)Anthony Ross Brown16 Apr 265,606$1.220$6,839
DANAKALI LIMITED (DNK)Seamus Cornelius15 Apr 2630,000$0.045$1,350
FRONTIER ENERGY LIMITED (FHE)Grant Davey15 Apr 2634,680$0.251$8,706
TREK METALS LIMITED (TKM)Tony Leibowitz15 Apr 26-496,766$0.210$-104,320
AMPLITUDE ENERGY LIMITED (AEL)Gary Gray15 Apr 266,000$1.750$10,500
ETHERSTACK PLC (ESK)David Deacon14 Apr 2625,000$0.620$15,500
IMDEX LIMITED (IMD)Anthony Wooles14 Apr 26-500,000$3.920$-1,960,000
WAM LEADERS LIMITED (WLE)Geoffrey Wilson14 Apr 26-2,688,523$1.401$-3,766,444
MIRAMAR RESOURCES LIMITED (M2R)Terry Gadenne14 Apr 26350,227$0.003$1,051
MACARTHUR MINERALS LIMITED (MIO)Alan Phillips14 Apr 2650,000$0.029$1,450
TEAMINVEST PRIVATE GROUP LIMITED (TIP)Howard Coleman13 Apr 2610,000$1.286$12,855
WAM ALTERNATIVE ASSETS LIMITED (WMA)Geoffrey Wilson13 Apr 2646,757$1.005$46,975

Directors' on-market share transactions

 

Our website shows:

tick   the last 20 transactions reported through ASX (as above). Very small transactions are ignored.

tick   the last five on-market share dealings by directors on a company-by-company basis. (find these by searching on the company)

 

Directors buying - what does it mean?

A director buying is probably a better indicator of a potential rise in value than a sale is of a potential fall in value. It is hard to imagine a director buying a significant parcel of shares on-market in the knowledge that they may lose value. Rather, they think the stock is undervalued and they expect it to go up. The bigger the purchase, the better the indication, and more so if it adds to an already large holding.

 

Directors selling - not so critical

A sale should not necessarily be cause for alarm as there are any number of good reasons for a director to sell. They may wish to diversify their holdings, buy their spouse a car, pay off a mortgage or purchase a home.

Having said that, we are wary when an individual director, or a number of directors, are selling down over a period of time. That may be an indication of a potential fall in value. Sales by directors where key executives are departing the company are another thing to watch for. We also often see a greater number of director sales when a stock looks expensive.

 

How to respond to the buying and selling

On balance it is preferable to see a director buying rather than selling shares on-market.

But there is no hard evidence (to our knowledge) that suggests you should blindly follow directors' share transactions. Watch for patterns. Look at the circumstances. Does the stock look cheap and may that be the reason for a buy. Conversely are directors selling a bit more often when a stock appears to be expensive?

We carry these transactions for the purpose of serving as a guide to buying or selling your own shares. But remember there are other very significant indicators such as a good record of earnings, solid balance sheet, company prospects, competent management etc, etc.

 

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