165 replies to this topic

[gamma]

Little bit of concern growing in my mind as to this sustained sell off.

 

I still have margin on my average cost but Hmmmm...?

 

 

It is odd I agree.

 

Trading update should be due sometime in mid to late June which should draw attention back to Ellies.

Unless there is some insider selling there is no obvious/known reason for the sell of.

 

Unless some info comes to light I will buy more at these levels

[soutie]

Little bit of concern growing in my mind as to this sustained sell off.

 

I still have margin on my average cost but Hmmmm...?

[Pipman]

The 2 transactions are identical except for the nature of the transactions (purchase vs sale).
It appears shares were sold and cfd's purchased.
The only reason I can think of for doing this would be to improve cash flow ( if the sens is in fact correct ).

[orca]

I get that very often with my stocks and nothing happens to them. Some Co's pay shares to bosses and they use them as they please. Perhaps a new house or a motorized yatch. I have learned to diss these payouts.

[AJS]

I would say he sold?  That is if I read this SENS post correctly... 

[soutie]

Is this the right thread..?

Gonna post it here.

DEALINGS IN SECURITIES BY A DIRECTOR OF ELLIES


Shareholders are advised of the following information relating to the dealings in securities by a director of
Ellies:

Name of director: Ryan Otto
Transaction date: 5 April 2013
Class of securities: Ordinary shares
Number of securities: 1 500 000
Price per security: R9.30
Total value: R13 950 000.00
Nature of transaction: Off-market sale
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes

Name of director: Ryan Otto
Transaction date: 5 April 2013
Class of securities: Ordinary shares
Number of securities: 1 500 000
Price per security: R9.30
Total value: R13 950 000.00
Nature of transaction: Off-market purchase of contracts for difference
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes

8 April 2013

 

 

Could someone clarify (if possible) from the above sens is the guy long or short on the CFD trade

Thanks in advance.