TPXimpact – director share purchases to try to reassure the market rather than of real conviction?
By Steve Moore | Tuesday 4 October 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
On recently writing on ‘digital transformation’ business TPXimpact (TPX) the shares had fallen to 32.5p. They recovered to 34.9p but, on a good day for the markets, are currently back at 32.5p despite the company announcing that “certain directors and senior management of the company have purchased a total of 236,820 ordinary shares”. So what’s the story?
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