Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:
See notes below for why you should follow directors transactions
Latest director's on-market sharePurchases and Sales
|VULCAN STEEL LIMITED (VSL)||Russell Chenu||16 Nov 23||8,116||$7.147||$58,004|
|MICHAEL HILL INTERNATIONAL LIMITED (MHJ)||Gary Smith||15 Sep 23||22,000||$0.893||$19,645|
|DOWNER EDI LIMITED (DOW)||Steve MacDonald||06 Sep 23||11,848||$4.200||$49,762|
|SMARTPAY HOLDINGS LIMITED (SPY)||Carlos Gil||30 Aug 23||2,500,000||$1.497||$3,742,500|
|AMPOL LIMITED (ALD)||Simon Allen||22 Aug 23||3,000||$34.069||$102,209|
|DOWNER EDI LIMITED (DOW)||Mark Menhinnitt||16 Aug 23||21,000||$4.232||$88,876|
|DOWNER EDI LIMITED (DOW)||Adelle Howse||16 Aug 23||10,000||$4.200||$42,000|
|DOWNER EDI LIMITED (DOW)||Nicole Hollows||15 Aug 23||10,000||$4.222||$42,224|
|TASK GROUP HOLDINGS (TSK)||Mitchell Bowen||21 Jun 23||61,702||$0.450||$27,766|
|TASK GROUP HOLDINGS (TSK)||Manda Trautwein||31 May 23||131,578||$0.570||$74,999|
|AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED (AFI)||Mark Freeman||25 May 23||700||$7.117||$4,982|
|AMPOL LIMITED (ALD)||Gary Smith||25 May 23||1,118||$31.338||$35,036|
|WESTPAC BANKING CORPORATION (WBC)||Nora Scheinkestel||22 May 23||2,330||$21.220||$49,443|
|AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED (AFI)||Mark Freeman||18 May 23||2,662||$7.140||$19,007|
|AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED (AFI)||Mark Freeman||09 May 23||3,500||$7.160||$25,060|
|AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED (AFI)||Mark Freeman||26 Apr 23||3,000||$7.245||$21,735|
|AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED (AFI)||Craig Drummond||14 Apr 23||50,000||$7.265||$363,250|
|DOWNER EDI LIMITED (DOW)||Teresa Handicott||21 Mar 23||8,900||$3.410||$30,349|
|DOWNER EDI LIMITED (DOW)||Mark Menhinnitt||15 Mar 23||50,000||$3.245||$162,260|
|DOWNER EDI LIMITED (DOW)||Nicole Hollows||10 Mar 23||15,000||$3.260||$48,900|
Our website shows:
the last 20 transactions reported through NZX (as above). Very small transactions are ignored.
the last five on-market share dealings by directors on a company-by-company basis
If you are a full member (non-members can join here), you are able to receive updates via RSS and you may also elect to get an RSS feed by individual companies.
Directors buying - what does it mean?
A director buying is probably a better indicator of a potential rise in value than a sale is of a potential fall in value. It is hard to imagine a director buying a significant parcel of shares on-market in the knowledge that they may lose value. Rather, they think the stock is undervalued and they expect it to go up. The bigger the purchase, the better the indication, and more so if it adds to an already large holding.
Directors selling - not so critical
A sale should not necessarily be cause for alarm as there are any number of good reasons for a director to sell. They may wish to diversify their holdings, buy their spouse a car, pay off a mortgage or purchase a home.
Having said that, we are wary when an individual director, or a number of directors, are selling down over a period of time. That may be an indication of a potential fall in value. Sales by directors where key executives are departing the company are another thing to watch for. We also often see a greater number of director sales when a stock looks expensive.
How to respond to the buying and selling
On balance it is preferable to see a director buying rather than selling shares on-market.
But there is no hard evidence (to our knowledge) that suggests you should blindly follow directors' share transactions. Watch for patterns. Look at the circumstances. Does the stock look cheap and may that be the reason for a buy. Conversely are directors selling a bit more often when a stock appears to be expensive?
We carry these transactions for the purpose of serving as a guide to buying or selling your own shares. But remember there are other very significant indicators such as a good record of earnings, solid balance sheet, company prospects, competent management etc, etc.