Eurocontrol Technics Ord EUCTF

Insider Holdings

[kidl2]

Just something to keep in mind ...
 
Rowlands: ~3 Mil shares (prior to March 15)
 
Reinis: ~1.4 Mil (They may be long gone)
 
SICPA: 11.8 Mil shares
 
Rowlands and Reinis may have already sold as both no longer need to report their trades but SICPA is still the elephant in the room with an average cost of around $0.15/sh.
 
They just gained some $3 Mil and maybe (a lot) more in light of the 3 year extension by buying back the royalty at a 50% (plus) discount. They might be tempted to now offset part of this gain by taking the roughly $1.3 to $1.5 Mil loss on their shares. That is if they can find a buyer at or near current levels.
 
Ideally (for longs) they find one or a group of buyers and transact via crosses but if they don’t and go into sell mode, this could become a very hard to overcome overhang.
 
Caveat: I obviously have no clue what SICPA has planned for their 12% of EUO but I can’t see any reason why they would hang on to these shares.

[Freelunch5]

This post has been removed in accordance with Community Policy

[kidl2]

You are actually partially correct. Rowlands still has to report as he remains a director as per the March 15 NR. I missed that. Sorry! Probably just a matter of time until he resigns as I can’t see any reason for him to hang around as the 3 Mil stock options he is holding are way out of the money as they range between $0.13 and $0.19. That said, he might just hang around for the director’s fees