Forum Topics JAN JAN Founder Tops Up 0.2%

Pinned straw:

Added a month ago

Small 0.2%, $31k increase in stake @$0.2207 from W Houlden the founder.

Spare change for him and likely to be a planned signal to the market. But clearly better that he be buying than selling, thats for sure.

Following Aust Ethical adding 1.8% to its stake earlier this week, these are good and welcomed data points on the confidence in the trajectory of the JAN turnaround.

Discl: Held IRL

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Bear77
Added a month ago

Looks like signalling to me when the increase is just +0.2% from 68,311,376 to 68,451,376 shares. When you already hold 68 million shares, an on market purchase of another 140,000 shares (for just $30,898) is not "loading up" because the share price is screaming "bargain!"

They say directors only buy shares for one reason, but I reckon there are at least two obvious reasons, and this one is the second one, not the first.

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