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See notes below for why you should follow directors transactions
Latest director's on-market share Sales
|NEOMETALS LTD (NMT)||David Reed||12 Apr 17||-1,610,049||$0.322||$518,905|
|ALCIDION GROUP LIMITED (ALC)||Brian Leedman||12 Apr 17||-5,000,000||$0.069||$343,859|
|LYCOPODIUM LIMITED (LYL)||Rodney Leonard||12 Apr 17||-185,117||$3.232||$598,321|
|CML GROUP LIMITED (CGR)||Greg Riley||11 Apr 17||-5,000,000||$0.250||$1,250,000|
|LIFESTYLE COMMUNITIES LIMITED (LIC)||Bruce Carter||07 Apr 17||-1,000,000||$3.750||$3,750,000|
|CALTEX AUSTRALIA LIMITED (CTX)||Julian Segal||07 Apr 17||-57,200||$30.160||$1,725,152|
|LYCOPODIUM LIMITED (LYL)||Robert Osmetti||06 Apr 17||-250,000||$3.073||$768,251|
|ARGOSY MINERALS LIMITED (AGY)||Alexander Molyneux||06 Apr 17||-4,493,343||$0.045||$202,200|
|BEACH ENERGY LIMITED (BPT)||Jim McKerlie||05 Apr 17||-400,000||$0.801||$320,240|
|GLOBAL GEOSCIENCE LIMITED (GSC)||Patrick Elliott||31 Mar 17||-5,000,000||$0.120||$600,000|
|FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED (FPH)||Michael Daniell||31 Mar 17||-50,000||$9.676||$483,787|
|SONIC HEALTHCARE LIMITED (SHL)||Christopher Wilks||30 Mar 17||-50,000||$22.164||$1,108,220|
|CASH CONVERTERS INTERNATIONAL (CCV)||Peter Cumins||30 Mar 17||-1,001,360||$0.312||$312,417|
|MATRIX COMPOSITES & ENGINEERING LIMITED (MCE)||Aaron Begley||29 Mar 17||-240,314||$0.533||$127,996|
|ALS LIMITED (ALQ)||Greg Kilmister||28 Mar 17||-500,000||$6.190||$3,095,000|
|OPUS GROUP LIMITED (OPG)||Richard Celarc||28 Mar 17||-6,000,000||$0.481||$2,886,518|
|LYCOPODIUM LIMITED (LYL)||Rodney Leonard||28 Mar 17||-73,000||$3.063||$223,603|
|GOODMAN GROUP (GMG)||Greg Goodman||27 Mar 17||-460,000||$7.700||$3,542,000|
|GOODMAN PLUS TRUST (GMP)||Greg Goodman||27 Mar 17||-460,000||$7.700||$3,542,000|
|AUSTRALIAN FINANCE GROUP LTD (AFG)||Kevin Matthews||24 Mar 17||-141,895||$1.350||$191,572|
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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