re: Ann: Press Release - XTEK & Morgan Announ...
LC,
I was looking at their trading policy. They are only allowed to purchase in the 6 weeks after half or yearly reports. So that explains the close period. The fact that the chairman bought 1.4M shares after the H1 report really shows the confidence he has in the company.
I'm amazed people sell at 5.1c when a re-rating is so close. We already know that h2 will make a profit but it seems the market wants to announcement before making its move.
Thanks again for the tip on this one.
XTE Price at posting:
5.1¢ Sentiment: LT Buy Disclosure: Held