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Always Read to the End :) Clicks Shares |
23 Jan 2014. I wont say I had the wool pulled over my eyes, but I got fooled for a minute by the announcement of director purchases into Clicks. It was announced that the directors of Clicks Group Limited piled into the share, and I got excited, thinking, it may be time to get into a bit of retail:
DA Kneale, an exec, bout R2.2m at R58.33
BD Engelbrecht, an exec, bought R0.5m at R58.33
M Fleming, an exec, bought R0.9m at R58.33
DW Janks, the company secretary, bought R0.1m at R58.33
The first thing that alerted me that something odd was up, was that they'd all bought at the same price. Then I read further down that "The shares were purchased in terms of the cash-settled long-term employee incentive scheme which requires all participants at the end of the three-year incentive performance period to purchase shares on the open market to the equivalent of 25% of the after-tax cash settlement value."
In other words, the share purchases have zero signal strength and can be completely ignored.
It's worth noting that there were a number of director transactions yesterday, all of which were sales: Pinnacle Technology, Santova, Nampak & Mediclinic. And, fortunately, none of which I hold.
Quick update on property: I mentioned last week that I would buy Premium Properties if the share price dipped, and I made a sliver of an investment into it at R16.86. There were more director purchases of Ingenuity on the 13th January, making me feel even more that I'm missing a piece of the puzzle.
A couple of non-director trade shares I've been looking at:
There's a share I'm busy looking at, but I'm not sure whether I should mention it here, because it's a dog...a very cheap dog though :) And carries massive risk. It has really awakened the bargain hunter part of me as well as the gambling side of my personality!
I mentioned in November that I'd sold my holdings in Accentuate at 100% return - looks like I dodged a bullet there, as the share price has come screaming down to 80c. It'll have to drop a bit more than that before I work up an appetite for it again, especially with no director trades.
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