A nibble of Findel

PUBLISHED: Dec 01 2011 @ 05:29 | Comments (0) | More info about Clem Chambers

From an investment position it’s about as wrong as you can get. The company after all pays your wages so from a position of diversification it the worst thing possible you can do. To make it yet worse you can’t liquidate the holding without upsetting everyone.

As a PLC director I know that buying shares in your own company takes a fair amount of nerve.

This is why when directors buy a large chunk of stock I take notice. So today it was brought to my attention that Findel directors were buying. I like companies at a fraction to their sales, even if they seem to be up the creek a fair way. Findel is not selling at 10% of sales for nothing, but the directors buys have forced me to bite. Rather I have taken a nibble as even though I’m desperately trying not to buy and shares at all I can’t resist it. However I can still show restraint.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @clemchambers

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.