Director's transactions

By Intelligent Investor · 22 Oct 1999

By Intelligent Investor ·
22 Oct 1999

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Adelaide Bank Limited - ADB

Current price

$15.58 at 16:10 (20 November 2007)

Price at review

$5.30 at (22 October 1999)

All Prices are in AUD ($)

Robert Piper, an Adelaide lawyer and Adelaide Bank's Deputy Chairman, has sold 10,000 of his shares. The share price has been trending downwards since before Christmas 1998 and shows no sign of forming a long-term support base. Now is not a good time to be in regional banking and investors are disillusioned with banks generally, with prices moving lower since May. This means most interest in the banks has been confirmed to the 'Big 4'. Our issue 32 HOLD recommendation stands.

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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