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New CEO buying.....

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Contributor

New CEO buying.....

Posted the following reply to forum user Pepe but it does not appear under last 30 posts so re-posting as new topic. "Does Mr Lamberti buying signal confidence in the company. Bought and paid for around +-80,000 shares (average +-R169/share) and 'bought' a further +-130,000 (maybe allocated at nil cost), and all this in the last two weeks." Any comments - is it a buy at current levels?
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Contributor

Re:New CEO buying.....

Sorry, meant Pepi
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Super Contributor

Re:New CEO buying.....

That's ok,it could have been worse.
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Super Contributor

Re:New CEO buying.....

More seriously,it was Wayne McCurrie's stock pick a few evenings back.Longer term,probably good,but short term,I'm not so sure.
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Re:New CEO buying.....

For those following IPL, another R6M worth of shares purchased by Mr Lamberti last week .....
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Super Contributor

Re:New CEO buying.....

Probably chasing the div
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Contributor

Re:New CEO buying.....

IPL went ex-div last week and this week more purchases from directors and price has been moving north. Surely it was oversold and on BDTV it was also selected as a stock due to recover (I think it was Mr Shapiro)
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