Director Buying.
In the past few weeks there has been 3 Directors buying as shown:
28/10 50k R C Villaneuva
7/11 20k wife of A Teo
12/11 20k R M Weinberg
Previous to this the last reported director buys were in March 2012. Not large purchases individually or collectively, more to instill confidence I would say and to show a lead to institutional buying that they hope will follow.
As most of us know directors do not usually buy just before a placing, so this placing that is coming according to some posters here can be seen for what it most likely is.
Yesterday was the Analysts site visit to MML's operations on Mindanao. There should be be some reports/write ups sent out to institutions next week.
MML Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
