Managing Director purchases shares off market
Yesterday we saw some direct buying off market from FYI’s Managing Director Roland Hill.
The purchase was for $190k at an average price of 19c per share, a premium to the current market price for FYI.
FYI’s share price is down ~50% from where it was earlier in the year at ~40c per share.
With the share price down so much, we always like it when the company directors step up and start to buy shares on or off market. Director buying signals to us that the people closest to the company clearly see some value in topping up their shareholdings.
To see all of the key objectives we want to see FYI achieve in 2022, the reasons why we continue to hold FYI in our portfolio and the key risks to our Investment thesis, check out our 2022 FYI Investment Memo here.