Hardboy
24 May 2016
Re: Newsflow "the resigning director calls himself an executive coach."That just means he does not have a real job!
Muzzletoff
24 May 2016
Re: Newsflow In the report and accounts it says three months notice for termination of NED contracts (pretty standard). So given the number of board meetings maybe no biggie to say goodbye immediately.As you say Hardboy, we could speculate to no great end.I do note that on LinkedIn the resigning director ( a former Corporate partner lawyer) calls himself an executive coach.
Hardboy
23 May 2016
Re: Newsflow When directors leave with immediate effect there can be cause for concern, specially one who has been with them for a number of years. It is good policy to change NEDs every 3 years or so, but if this was a normal revolvement, you'd expect a lengthy notice period.Of course there can be all sorts of personal reasons, so I won't get carried away with conspiracy theories.
Muzzletoff
23 May 2016
Re: Newsflow Hi HardboyLooks like a non-exec Director has left with immediate effect. Probably not the news we are looking for.This stock is pretty illiquid, so any overhang, or market maker wanting to make his book is going to throw the share price around to negative effect.As you say no update news. That doesn't help either.
Hardboy
20 May 2016
Newsflow The share price is slowly falling back on lack of news. All we are getting is news about issuing more shares (and thus diluting our value) when we want to hear about new contracts, or progress of pilots.
Hardboy
26 Apr 2016
Re: Director dealing If I've got my records right, the latest sale(s) by Leeds University took them from a 6.03% stake to 3.99% stake, which was about 1/3 of their holdings, so they can only have 2 more trades of that size before they are out completely.
Muzzletoff
26 Apr 2016
Re: Director dealing You got it spot on Hardboy. For every seller there is a buyer, there should be another announcement of a replacement buyer, if they cross the 3%.The only problem is are Leeds going to sell more of their remaining holding, which will keep the price down for a while?
valuemanbuyer
25 Apr 2016
Re: Director dealing Not too worried about Leeds Uni sales. The business has frankly moved on now and I suspect their input is v limited. Like the founder who sold out large tranches Leeds would probably have been wise to hold on because compounding the growth at 10-20% over time is difficult to replicate elsewhere .
Hardboy
25 Apr 2016
Re: Director dealing I think they normally issue a year end trading statement 2nd week of August.So a long time to wait, unless there are some nice contract wins or more takeovers, which may warrant a RNS.
Muzzletoff
25 Apr 2016
Re: Director dealing Hi HardboyI am expecting good things of the acquisitions, one of which sounded pretty profitable and cash generative when it was bought. I guess we are not going to hear anything until sometime close to July, assuming they want to update the market close to the year end cut off date. Otherwise we could be waiting until Oct, to hear anything formally.Institutions buy and sell in their own mysterious timescales, and can cause a bit of an overhang on the market in the meantime, especially as this stock is pretty illiquid.There should be an announcement if they tick 1% down or up on their holdings, but some institutions are slower than others in notifying the company. Expect we will get an RNS in due course?BestMuzz
Hardboy
25 Apr 2016
Re: Director dealing It looks like the high volume was Leeds University selling a chunk of their holdings - not as bad as a director; but still a shame to see the link with their origins shrinking. When a share is highly priced against its historic fundamentals it is because the market has good expectations of its future performance. The people who should have the best insight into future performance are the directors. So if the future is rosy high multiples should not be a reason for the directors not to buy. I agree that options for directors, do reduce the need for them to buy directly; but their dealings do send a message to the market.
Muzzletoff
21 Apr 2016
Director dealing I think part of the problem with option awards, which are for all practical purposes virtually nil cost to those awarded, is that it takes any incentive away from Directors to buy shares with their own money in the market. You can understand it as a start up, when most young managers are borassic, but when they get into serious salaries there is still a reluctance to stick their hands in their pocket.Given the current market multiple on earnings is quite high for this share I suspect any Director would also be wary of buying. That seems to be down to private investors, and the occasional institution.Strange business isn't it when we are prepared to take the risk but they are not?
Hardboy
20 Apr 2016
Re: Director dealings The average daily volume is 32k. Yesterday's volume was 525k, which is the biggest daily volume since early December. The directors must realise that their selling shares puts downward pressure on the share price and equally buying will give a boost, so it would be nice to see some buying.
Muzzletoff
20 Apr 2016
Director dealings Hi HardboyDidn't see yesterday's volume. But no RNS so far.I suspect the FD must be getting twitchy about selling some?If I were in their shoes I would be tempted to bank some profits having seen others do it.
Hardboy
19 Apr 2016
Re: Director dealings I hope today's large volume is not another director sale
