Executive Director, Ada Wig Poon (with a Board retainer of $12,000) bought on the market 37,623 shares averaging $3.65/share and totalling $137,650 between 9th and 11th August. During the same period of time they also sold 9549 shares at $3.53 per share totalling $33,708 in their SMSF. The net result was an accumulation of 28,074 shares totalling $103,942. The Director has approximately an 0.8% stake in the company.
What makes these trades interesting is the timing. The purchases were made over 3 days following the FY21 results announcement on 9/08/21. The Director obviously has a different point of view about the future of the company than the rest of the market. KPG shares have fallen sharply from an all time high of $4.14 to yesterday's close at $3.40, down 18%.
Disc: Held IRL