Post by
Ringert on Jun 22, 2016 2:07am
Continuous insider buys
Interesting... So yesterday there were insider buys amounting to 166,500 shares. If we look at the transactions we see 100,000 shares being bought by Haywood and another 66,500 shares by an
anonymous house. Wondering if that's Haywood as well?
Oh and only 21,638 shares were bought by non-insiders. Painful to see how at this point nobody but insiders (Sicpa, the company itself) is interested in EUO. If only they did a better job at getting their story out there and actually achieving stuff they wouldn't have to spend money on buying their own shares back.
Comment by
frs1960 on Jun 22, 2016 4:44am
Why would the insiders get their story out? Don't you think they prefer to accumulate at this level? Nobody is better placed than them to know what will happen, to know that one of these days the SP will jump pretty high. Pending, they can peacefully accumulate at good price. And that is what they are doing right know, it is clearly seen.
Comment by
Ringert on Jun 22, 2016 5:12am
Well perhaps so EUO doesn't have to use their NCIB and waste money on buying back their own shares for cancellation. If they would do a better job at getting their story out there they might be able to let the market take care of an SP rise. The whole reason behind the NCIB was that EUO felt the SP didn't represent the actual value of the company.
Comment by
stack on Jun 22, 2016 2:35pm
This post has been removed in accordance with Community Policy
Comment by
firewood8 on Jun 22, 2016 7:04pm
I agree , but now the balloon is about to pop. Too many good things meeting.