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Rico Back purchases 150,000 RMG shares at 2.608

30 Jan 2019, 12:55

Rico Back purchases another 150,000 RMG shares @ £2.608 on January 29th:

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RMG/13952011.html

Rico Back purchases 150,000 RMG shares at 2.608

30 Jan 2019, 16:57

Will make millions then will be off to allow the next Thief to scream off the top whilst the service goes into decline.

Rico Back purchases 150,000 RMG shares at 2.608

30 Jan 2019, 18:56

fukin shocking hes allowed to enable this

Rico Back purchases 150,000 RMG shares at 2.608

30 Jan 2019, 20:22

I really don't understand how this can be legal. He puts profit warnings out and when the share price plummets he buys hundreds of thousands. I don't profess to understand the stock market but this looks like manipulating the share price to me!

Rico Back purchases 150,000 RMG shares at 2.608

30 Jan 2019, 23:05

It’s a disgrace. He will own the company at this rate

Rico Back purchases 150,000 RMG shares at 2.608

31 Jan 2019, 14:59

cobrakai wrote:It’s a disgrace. He will own the company at this rate

Us posties own many many more, collectively.

It does look bad, him buying just after talking the company down as it were, but we could all buy shares too. His average is still a fair bit higher than current SP, having bought at 3.18 and 2.90 also. Seems alot of money, but for him, he's not even spent his golden handshake bonus yet.

Rico Back purchases 150,000 RMG shares at 2.608

31 Jan 2019, 19:22

Surely bordering on insider trading - hopefully sit back and watch the Cnut get sent down

Rico Back purchases 150,000 RMG shares at 2.608

31 Jan 2019, 21:45

I doubt it under this government who allow these kind of practices so the rich can get richer.

Rico Back purchases 150,000 RMG shares at 2.608

03 Feb 2019, 10:01

rambo1 wrote:
cobrakai wrote:It’s a disgrace. He will own the company at this rate

Us posties own many many more, collectively.

It does look bad, him buying just after talking the company down as it were, but we could all buy shares too. His average is still a fair bit higher than current SP, having bought at 3.18 and 2.90 also. Seems alot of money, but for him, he's not even spent his golden handshake bonus yet.


It seems odd that people think that Rico is enriching himself buying shares at a higher price than they are now worth.
If there is a dividend cut I would expect them to fall below the £2.60 he bought his last batch for.

Rico Back purchases 150,000 RMG shares at 2.608

04 Feb 2019, 14:14

It's in his contract. He HAS to own £1.28 million shares (200% of his salary) so he has purchased them out of necessity not because he wanted to.

Rico Back purchases 150,000 RMG shares at 2.608

04 Feb 2019, 14:43

mart2008 wrote:It's in his contract. He HAS to own £1.28 million shares (200% of his salary) so he has purchased them out of necessity not because he wanted to.


Hi mart I don't think that is correct, I think the article is wrongly refering to the 200% shareholding all executive directors have to retain from their bonus share awards and is nothing to do with personal acquisitions, I have provided a link on the thread above.

regards

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