Tuesday, April 14, 2009

Interesting directors dealings

Two interesting directors dealings jumped out at me yesterday.

1. Grindrod - Ivan Clark sold R31m of ordinary shares in the shipping firm / diversified industrial company yesterday at R12.50... I know he had some big SSF positions open and some of those options had been exercised but I'm guessing that means he doesn't see much upside from these levels.

2. Country Bird Holdings - The chicken farmer / agri firm has seen two of its directors very active in the market in the market in the last few months since releasing its interim results in February.

The company is on a pretty undemanding price to earnings ratio of 5.2 and a pretty handy dividend and it also kind of fits in with the farming and food theme. Haven't taken a position either which way on it yet, but it would appear to be something to consider.

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