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Rico purchased an additional 200,000 shares yesterday @ GBP2.07

24 May 2019, 11:38

Further to yesterdays's post:

postareale wrote:Rico Back purchases 100,000 shares @£2 on May 23, 2019:

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RMG/14085903.

Buy low, sell high?


It seems that Rico purchased an additional 200,000 shares yesterday @ £2.07

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RMG/14085901.html

So the number of the total shares actually purchased by the Chief Executive @ circa 2 quid yesterday was = 300,000.

Comments?

Rico purchased an additional 200,000 shares yesterday @ £2.07

24 May 2019, 11:44

https://www.morningstar.co.uk/uk/news/AN_1558632322772368400/director-dealings-royal-mail-chief-executive-rico-back-buys-shares.aspx

Related article:

23 May, 2019

LONDON (Alliance News) - Royal Mail PLC said Chief Executive Officer Rico Back purchased nearly GBP615,000 in stock through two deals on Thursday.

In the first transaction, Back bought 200,000 shares at an average price of 207.4968 pence.

The second transaction saw Back acquire 100,000 shares for 200p each. It has not been disclosed how many shares Back now holds following these transactions.

Shares in the FTSE 250 postal service group closed 11% lower at 197.90 pence on Thursday.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

Rico purchased an additional 200,000 shares yesterday @ £2.07

24 May 2019, 11:44

Brave.

Rico purchased an additional 200,000 shares yesterday @ £2.07

24 May 2019, 13:13

Deadly wrote:Brave.

You say that but I was considering purchasing 100 000 shares at £2.07 until I realised I don't actually have 200k to spare.
Does Rico work in numberone's office perchance?

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

24 May 2019, 13:25

£51k dividend for him next month. Hope he's got them in some tax free account or sipp pension.

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

24 May 2019, 14:03

Wasn't it part of his contract to buy shares with the massive bung he was given.

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

24 May 2019, 14:09

zz666 wrote:Wasn't it part of his contract to buy shares with the massive bung he was given.


No

You are confusing that with the bonus share awards he must retain as part of his remuneration package

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

24 May 2019, 14:37

Leighton , crozier rico they are all the same.

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

24 May 2019, 17:06

Crooks pure and simple

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

25 May 2019, 09:42

YES BECAUSE HE HAS THE F@@@@ MONEY. thinks hes doing the company a big favour buying this that. waste of space like them all. :arrrghhh :evil/mad

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

25 May 2019, 09:45

A reminder - head office DO come on here so please only post what you are willing to say in a meeting with a Manager, and preferably keep it civil.

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

25 May 2019, 12:55

:nervous

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

28 May 2019, 21:33

Is that not insider trading?

The boss of a company, cuts the share dividend, the shares fall on their arse and he starts buying...

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

29 May 2019, 05:54

Takeitforaride wrote:Is that not insider trading?

The boss of a company, cuts the share dividend, the shares fall on their arse and he starts buying...


I don't think the dividend was cut so Rico could buy cheap shares,it was done so more money could be invested in the company to help us compete.
Also it was expected by many City analysts that the dividend would be cut.

Rico purchased an additional 200,000 shares yesterday @ GBP2.07

01 Jun 2019, 19:39

milly wrote:
Takeitforaride wrote:Is that not insider trading?

The boss of a company, cuts the share dividend, the shares fall on their arse and he starts buying...


I don't think the dividend was cut so Rico could buy cheap shares,it was done so more money could be invested in the company to help us compete.
Also it was expected by many City analysts that the dividend would be cut.

Compete show us the money more like he drove the price down invest £1.8 billion in paying poor managers off and spend the rest on PSM and other kit to reduce head count while he benefits at great cost to us all.

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