Company Report
Last edited 3 years ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#125
Performance (47m)
2.5% pa
Followed by
10
Straws
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#Management
stale
Added 3 years ago

Another director buying at 0.67c a share. An on market purchase of 41k shares = $27k as an on market purchase.

This follows other directors purchasing at approx. 90c a share a few months back.

I dont really understand the general backwards trend in shareprice for this recently. The general change in sentiment towards growth stocks, increasing likelihood of rate rises in the near future explains a portion of it but the more recent downtrend seems extreme. Now down approx 50% from all time highs despite seemingly every metric going in the right direction.

I admit being a bit out of touch with strawman recently due to my personal life totally taking over (and yes this sounds like an excuse for my underperformance). That said though I thought following the last results announcement that everything looked rosy, then insiders started buying and now we have a further downtrend and more insider buying.

Considering buying more IRL, to match my incremental purchasing in strawman.

Would love to hear a counter thesis to this (very) limited discussion.