Straight (AIM:STT) Directors buy when others remain fearful
Following its pre Christmas trading statement, which saw the shares fall sharply to new lows, Directors in the UK's leading supplier of specialist kerbside recycling containers have taken the opportunity to add their shareholdings.
Three of the Board acquired an aggregate 60,000 at 29pence per share with Chief Executive Jonathan Straight acquiring a further 25,000 shares to bring his holding up to 4,550,500 shares or 38.24% of the issued capital.
As we commented in December, the lowly market capitalisation of less than £3.5m seems unwarranted for a business that has been transformed over the past 12 months from one previously reliant on outsourced manufacturing (and the financial well being…
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