New director David Lord's buying 18,200 at $1.35 yesterday was a welcome gesture.
Today's announcement is more significant, with chair Gary Weiss topping up his holding on-market buying 25,000 at $1.315. On 21 Dec 2015 Dr Weiss bought 35,000 at $1.52. In two bites, he has moved from holding 50,000 shares to 110,000.
As you all know, director buying is a very bullish signal for any stock - they know more about the business than we possibly could.
A cynic would say this is a very modest investment by the wealthy Weiss, but I prefer to be encouraged.
DYOR
Ash
Ann: Change of Director's Interest Notice-RIC.AX, page-2
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Last
$2.76 |
Change
0.040(1.47%) |
Mkt cap ! $795.8M | |||
| Open | High | Low | Value | Volume |
| $2.68 | $2.77 | $2.68 | $1.033M | 375.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1808 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 564 | 1 |
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| RIC (ASX) Chart |
