Director's transactions

By Intelligent Investor · 2 Jul 1999

By Intelligent Investor ·
2 Jul 1999

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Tempest Minerals Limited - TEM

Current price

$0.01 at 16:40 (19 April 2024)

Price at review

$1.07 at (02 July 1999)

All Prices are in AUD ($)

There have been a few interesting transactions over the past few weeks. Westpac boss, Dr David Morgan, disclosed that he had raised his shareholding by over $2 million while Sausage Software Chairman, Gil Hoskins, advised on June 24 that he had been a buyer of shares between May and June 1999 and now has 500,000 shares compared to 100,000 in May. For risk takers Sausage is worth HOLDING, if only to take advantage of the continual 'deal flow' in which the company is engaged.

Edward O'Neal, the ex-pat American who runs St George Bank, disclosed that he had raised his shareholding by 56%, buying another 2,200 shares to add to the 7,500 he held in December 1998. St George closed at $10.46 on the day and is worth ACCUMULATING below $11.00 as per our review in issue 28.

John Schaeffer, Executive Director of the facilities management company, Tempo Services, bought 52,502 more shares on June 2 and now holds almost 17.7 million. The share price has largely been in a downtrend since it hit a March 12 high of $2.60, its highest price since its mid-1994 float, but bottomed on June 3 at $1.95. With consistent profit growth and a recent spate of new contract wins the company can be ACCUMULATED.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Director's transactions

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Director's transactions

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