mojo47
- 25 Sep 2009 11:21
When a director or who ever buys shares in the company that he is involved with how long is it before he has to declare it to L S E or how does it work
chakli
- 30 Sep 2009 19:50
- 10 of 30
do your own research (dyor).buying price is important to dir paid price ,make sure its a buy and not an excercise of option and look into the share all director deals so if they have sold 50k and bought 25k not good etc .
hangon
- 30 Sep 2009 23:28
- 11 of 30
Dunno, but if it isn't like this, - then it should be.
Senior Dirs should report their Buys and Sells within three days and preferebly on the same day. Senior Execs should report their trades within five days but preferably within 3.
Failure, or repeatedly taking the longest-time should result in a fine of minimum 5k, or 2% of the trade value, whichever is the greater.
No Opions allowed, no alternative payments, cheap stocks etc. unless these are offered on equal terms to private shareholders with a timescale of a minimum 4-weeks from posting the notice.
There is another issue that perhaps hasn't been mentioned:-
-that of "closed periods" this is when the Directors/Execs are presumed to know sensitive information that would put them at an advantage compared with the Market as a whole.
- So my Rules are these:-
No trading in non-shares, or futures, options, or share-based bets, no spread bets allowed at all for Directors or senior executives...
None of the above, or shares may be traded, or agreed to trade for two months before the release of sensitive information. Whether information is "sentive" can be determined by the movement in the sp from the high, (or low) within 1-week prior to the announcent and six weeks after. In addition shares in related-companies may not be traded by Directors or executives in companies that are connected by way or business or where a conncetion may be assumed by any unconnected investor not having specialist knowledge of the business or its customers, suppliers etc.
Personally, I like to see Director Trades, but too often they are reported up to 10-days after the event, also I've seen trades that are rather "close" to announcements, only to discover that particular Director knew nothing of the Company's imminent announcement.
Whilst I like to see Buys (when they are above 50k's -worth), and/or Sales since small amounts are not worth getting excited about.
Share-options are the unacceptable side of share trading, since it's a win-Win with no downside (for the beneficiary!), and it's a Lose-Lose for other shareholders, who have to fund it.
I would like to suggest another "Rule"
- that if any Director want to take a Company private, they must immediately resign and forfeit their last year's salary and benefits; since it is evident their interests and those of sharehoklders are mis-aligned.
chakli
- 01 Oct 2009 16:03
- 12 of 30
arl and pinn intresting buys,dir buy
mojo47
- 01 Oct 2009 18:58
- 13 of 30
I know you can see on directors deals on money am but what other places can you look,
2517GEORGE
- 09 Oct 2009 15:31
- 14 of 30
mojo47, ---------------- thisismoney.co.uk is quite reasonable.
PRA may be worth a look on director buying. Current sp 8.38p.
2517
chakli
- 09 Oct 2009 16:04
- 15 of 30
old news looked at it yesterday ,i sugest you go to lse sight go into reg news director /pmr and see vol umes you might even spot when the directors bought it they bought around 6.75 .so it it drops bck big loss .http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-home.html
best of luck do some research on all trades for day the bys vol value and sell .simple demand more the price likely to go up .keep me posted when you find a gem of a buy .i will do the same for you
2517GEORGE
- 09 Oct 2009 16:10
- 16 of 30
chakli-----I noticed that from yesterday where the 2 directors bought at a significantly lower price, buy 2 more have bought today, 1 paying more than the current sp of 8.62p, the other paid 8.17p.
2517
chakli
- 09 Oct 2009 16:19
- 17 of 30
the names do not appear in directors profile however worth a punt go with the flow .too busy to verify in detail .
skinny
- 14 Oct 2009 16:47
- 18 of 30
Of note - if you click on NEWS above and enter PDMR into keywords, you will get the Director deals.
mojo47
- 14 Oct 2009 18:05
- 19 of 30
thanks skinny
2517GEORGE
- 19 Oct 2009 11:17
- 20 of 30
JJB Sports----4 directors bought a total of 450k worth @ 33p each on 14/10/09, may be worth an interest.
2517
2517GEORGE
- 19 Oct 2009 11:19
- 21 of 30
Just checked again and it's 5 directors for a total of 500k.
2517
mojo47
- 19 Oct 2009 12:11
- 22 of 30
they must know something we dont at ( JJB) as they have all lost money, could be to do with tax losses ?
2517GEORGE
- 19 Oct 2009 12:20
- 23 of 30
You could have bought for 32p 15minutes ago.
2517
skinny
- 19 Oct 2009 12:39
- 24 of 30
George - did you miss this -
Statement re investment in JJB Sports Plc
TIDMCRS TIDMJJB
RNS Number : 9586A
Crystal Amber Fund Limited
19 October 2009
?
19 October 2009
Crystal Amber Fund Limited
("Crystal Amber Fund" or the "Company")
Statement re: investment in JJB Sports plc
Crystal Amber Fund confirms that it has committed to subscribe for 28,453,368
shares in the proposed firm placing of shares in JJB Sports plc ("JJB"), as
announced by JJB on 12 October 2009.
The Company also confirms that following the sale of 22,000,000 shares on 14,15
and 16 October, its current shareholding, prior to the proposed placing, is
13,670,819 shares, equivalent to 5.45 per cent. of the current issued share
capital of JJB. The shares were sold at 32.6p per share and were acquired
between April and June 2009 at 22.43p per share. This represents a realised
profit of 45.3 per cent.
William Collins, Chairman of Crystal Amber Fund, commented:
"We have been actively involved with recent developments at JJB and welcome the
proposed fundraising.
We intend to continue to play a full role in helping JJB with its recovery
programme. Following the placing, JJB will remain the largest holding of Crystal
Amber Fund and we retain a significant shareholding in JJB's much enlarged
capital base."
skinny
- 19 Oct 2009 12:45
- 25 of 30
And from Friday's
Telegraph.
2517GEORGE
- 19 Oct 2009 12:57
- 26 of 30
No (24/25) and yes (25/25) cheers.
2517
chakli
- 19 Oct 2009 13:49
- 27 of 30
lgen legal and genearl cfo buys @88p
chakli
- 23 Oct 2009 00:32
- 28 of 30
inch dir exec/finance buy 22nd oct
chakli
- 23 Oct 2009 12:27
- 29 of 30
dir finance buys ,buying in spurts the same dir ,somethings making him buy
bag @8.00