Directors buying shares on market
Investment Memo: TTM 2022
General: Director Buying
The last few weeks have been rough across the entire micro cap market and this has been reflected in the TTM share price which has gone from ~10c per share to now trade around the ~7.2c per share mark.
The company’s directors have taken this as an opportunity to add to their shareholdings with 3 directors purchasing ~$275k in total.
- Managing Director Matt Carr purchased $102.5k in shares on market
- Newly appointed director Tamara Brown purchased $20k in shares on market
- Non-Exec chairman Peter Cook purchased $152k in shares on market.
We think directors purchasing shares in times where a company’s share price has moved off the back of no news is generally a good sign, as the people closest to the company see value in topping up their shareholdings.
To see all of the key objectives we want to see TTM achieve in 2022, the reasons why we continue to hold TTM in our portfolio and the key risks to our Investment thesis, check out our 2022 TTM Investment Memo here.
