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Although the flip side of that argument is to question why was he was so keen to up size his sale and at a c. 10% discount to market to boot. Is it the case that the institutions are the "smart" money here and an insider is the "dumb" money voluntarily missing out on an amazing future growth trajectory... a potential future bid? That argument always makes me uncomfortable given the sheep that most fund managers are. Now before everyone flames me I'm just playing devil's advocate. I understand the bull case here and take nothing away from management for what they have achieved. I have also been an extremely happy holder in the past, selling my final tranche only recently. And of course insiders can be selling for many "innocent" reasons: desire for liquidity, portfolio diversification. But this is £82.5m of liquidity. Unless there is a gin palace under construction that's a mighty chunk of change for anyone. And given what an amazing investment Fevertree has been historically you would struggle to reinvest those proceeds (assuming that a good proportion are going to be reinvested) and achieve anything like a similar return. Unless, unless it turns out that your super star's best years are actually behind it. And the risk at 75+ historic PE is actually on the downside on any potential revenue growth deceleration. All IMHO
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Exactly, this is the ongoing problem, pick on the messenger (PI's) instead of getting the message!
I couldn't bring myself to listen to this mornings webcast but looking at the share price this afternoon it looks like normal service has been resumed - and by that I mean webcast = drop in share price! Pleased to hear CB wasn't present otherwise we'd be sub 2p now.
Said nothing that hasn't been said before. Clutching at straws. This will further damage the SP. The market is looking for proof of real profit. Nothing else is going to change the negative sentiment
In other words CB hiding from shareholders, thank goodness for that. Otherwise nothing concrete to report except a reasurance of "jam tomorrow"
While management continue to operate this company in a pig headed and deceptive manner the market will continue to punish the SP. I suggest that if we don't get a change of attitude and game plan by management, this is going to get a whole lot worse for existing holders
What remains to be seen is how substantial and how sustainable the "bounce" is. Let's not forget we still sitting with a 50% loss in SP sustained over the last 6 months. An upturn is long overdue but I wouldn't be beating the drums quite yet
CEO is obviously confident of an upswing in the share price sooner or later. Maybe the SFO inquiry will soon be finished and not as bad as expected..looks promising for investors anyway