Company Report
Last edited 4 years ago
PerformanceCommunity EngagementCommunity Endorsement
Performance (50m)
11.1% pa
Followed by
20
Straws
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#Management
stale
Added 4 years ago

More inside buying from Kate (1.5m shares at current price), which pushes her total to over 58m. The share price has been held back for quite some time now, so maybe this backing from management (once again) can help get things going. Holders have been asked to be patient with this one and we are hoping the next quarterly doesn't disappoint. 

#Results Call
stale
Added 4 years ago

If anyone missed it earlier, the recording is now available on their website:

https://alcidion.com/asx-announcements/investor-conference-call-recording-q3-fy2020/

 

#Management
stale
Added 4 years ago

During this bear market it's good to take notice of insider buying. With some companies getting sliced by 40-50% since Jan, it's good to understand whether the company was overvalued to begin with, or whether it's just been an effect of the broader sell off. Alcidion has been one of them companies and I feel the selling pressure has been a mixture of both value and market sentiment. So it's a confidence boost to the shareholders to see insider buying by Group MD Kate Q (1m shares at 0.137c) and Chair Rebecca W (250k shares at around 0.12c). Both above or at current market value.