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See notes below for why you should follow directors transactions
Latest director's on-market sharePurchases and Sales
|TECHNICHE LIMITED. (TCN)||Bruce Scott||14 Feb 18||841,949||$0.039||$33,140|
|TECHNICHE LIMITED. (TCN)||Andrew Campbell||14 Feb 18||689,046||$0.038||$26,184|
|BLACKSTONE MINERALS LIMITED (BSX)||Michael Konnert||13 Feb 18||-400,000||$0.355||$141,978|
|RIVA RESOURCES LIMITED (RIR)||David Berrie||13 Feb 18||3,000,000||$0.007||$22,089|
|G MEDICAL INNOVATIONS HOLDINGS LIMITED (GMV)||Ashley Krongold||13 Feb 18||250,000||$0.302||$75,468|
|ENTEK ENERGY LTD (ETE)||MarkÂ McAuliffe||13 Feb 18||500,000||$0.023||$11,500|
|SCOUT SECURITY LIMITED (SCT)||Anthony Brown||13 Feb 18||200,000||$0.195||$39,000|
|TREASURY WINE ESTATES LIMITED (TWE)||Warwick Every-Burns||13 Feb 18||10,000||$17.020||$170,200|
|METGASCO LIMITED (MEL)||Philip Amery||12 Feb 18||34,983||$0.065||$2,274|
|PACIFIC AMERICAN COAL LIMITED (PAK)||Geoffrey Hill||12 Feb 18||200,000||$0.029||$5,800|
|TREASURY WINE ESTATES LIMITED (TWE)||Paul Rayner||12 Feb 18||11,966||$16.860||$201,747|
|KINGSTON RESOURCES LIMITED (KSN)||Stuart Rechner||12 Feb 18||1,002,161||$0.022||$21,877|
|MORETON RESOURCES LTD (MRV)||Tony Feitelson||12 Feb 18||1,225,000||$0.011||$13,230|
|MIRVAC GROUP (MGR)||Susan Lloyd-Hurwitz||09 Feb 18||95,000||$2.068||$196,460|
|BOSS RESOURCES LIMITED (BOE)||Grant Davey||09 Feb 18||1,150,000||$0.038||$43,700|
|BIDENERGY LIMITED (BID)||Guy Maine||09 Feb 18||554,445||$0.018||$9,980|
|MFF CAPITAL INVESTMENTS LIMITED (MFF)||Christopher Mackay||09 Feb 18||301,928||$2.160||$652,164|
|THOMSON RESOURCES LIMITED (TMZ)||Tony Belperio||08 Feb 18||140,000||$0.043||$6,000|
|HOT CHILI LIMITED (HCH)||Christian Easterday||08 Feb 18||883,346||$0.035||$30,587|
|MAYUR RESOURCES LIMITED (MRL)||Paul Mulder||08 Feb 18||31,000||$0.840||$26,041|
Our website shows:
the last 20 transactions reported through ASX (as above). Very small transactions are ignored.
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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