Rayner soaks up Treasury
The scorecard registered $2.2 million to $2.4 million in favour of buyers, with the table showing just how limited selling was.
Weighing in at the top of the buyers' list was Susan Thomas, a non-executive director of the Malcolm McComas-chaired Fitzroy River Corporation. Executive director Sebastian Hempel was also a buyer.
Thomas' buying propelled her to just under 20 per cent of the capital. She was the founder and managing director of FlexiPlan Australia, an investment administration platform that was sold to MLC more than a decade ago.
Fitzroy River is valued by the market at $37 million and it owns non-operational assets such as royalties, free carried interests and minority equity positions, including royalty interests in the Canning Superbasin.
Elsewhere, Paul Rayner, the chairman of Treasury Wine Estates where the scrip is 27 per cent off its 52-week high, came back for more shares. In recent days he paid $4.77 a share; late last month he paid $4.56 a share.
Other recent buyers from the winemaker's boardroom were Lyndsey Cattermole and chief executive Warwick Every-Burns.
Elsewhere among multi-director buying transactions was 360 Capital Group, formerly known as Trafalgar Corporate Group.
The property investment and funds management group's shares have got a wriggle on following Trafalgar's recent acquisition of 360 Capital Property Group and an equity raising. Three of the five-man board bought shares including chairman David van Aanholt and non-executive directors, John Ballhausen and Graham Lenzner.
Elsewhere, non-executive director Peter Wetherall increased his stake in Australian United Investment Company and Jane Tongs, non-executive director of Real Estate Corp - formerly RUN Corp - continued picking up stock.
Frequently Asked Questions about this Article…
Recently, there has been a noticeable increase in buying activity among company directors, with purchases outweighing sales by $2.2 million to $2.4 million. This trend indicates a positive sentiment among directors towards their companies' prospects.
Susan Thomas is a non-executive director of Fitzroy River Corporation. She has been actively buying shares, increasing her stake to just under 20% of the company's capital. Susan was also the founder and managing director of FlexiPlan Australia.
Fitzroy River Corporation is valued at $37 million. It holds non-operational assets such as royalties, free carried interests, and minority equity positions, including royalty interests in the Canning Superbasin.
Paul Rayner, the chairman of Treasury Wine Estates, recently purchased shares at $4.77 each, following a previous purchase at $4.56. This indicates his confidence in the company's future, despite the stock being 27% off its 52-week high.
In addition to Paul Rayner, other directors such as Lyndsey Cattermole and chief executive Warwick Every-Burns have also been purchasing shares, showing a collective confidence in the company's potential.
360 Capital Group, formerly known as Trafalgar Corporate Group, has seen its shares rise following the acquisition of 360 Capital Property Group and an equity raising. This has prompted share purchases by three of its five-man board, including chairman David van Aanholt.
Peter Wetherall, a non-executive director, has increased his stake in Australian United Investment Company. Similarly, Jane Tongs, a non-executive director of Real Estate Corp, has been actively purchasing stock.
The recent increase in director buying activity suggests a positive market sentiment and confidence in the future performance of their respective companies. This trend is often seen as a bullish indicator for everyday investors.
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