30-11-2012, 12:06 AM
(29-11-2012, 11:36 PM)Bibi Wrote:(29-11-2012, 06:22 PM)CityFarmer Wrote: Two insiders (directors) bought 200 lots each from open market with prices of $1.55 and $1.545 per share respectively.S$310,000 only. Not even a peanut's worth according to Goh's wife.
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http://info.sgx.com/webcoranncatth.nsf/V...5002B7211/$file/FORM1_Robert_Tomlin.pdf?openelement
http://info.sgx.com/webcoranncatth.nsf/V...5002B3063/$file/FORM1_Michael_Lim.pdf?openelement
Does it a serve as strong indicator to shareholders that nothing to worry about?
or it is not strong enough?
Many directors are terrible at business valuations.. buying of shares dont imply much. It may even reflect how stupid they are should olam report mediocre results in the next few years