Misys'(MSY. 137p) CEO, CFO and Chairman have increased their positions by between 14%, 50% and 60% respectively, buying shares at between 135p and 136p last Friday.
Results imminent? No. We had an interim update (upbeat) and a share placing (at 175p) on the 18th March.
Track record? No. Management have been buying shares down from 248 to present levels since last year.
So why look at Misys?
1. Significant increase in positions (50-60%)
2. Three senior bods buying £70-£135k of shares each
3. Misys is one year into ‘Turnaround Strategy’, which should go some way to insulating them from the expected downturn in demand from banking customers.
So one for the watchlist, or for the long term investors.
See subsequent post of July 30th- ‘Misys- directors continue to buy- in size’.
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July 30, 2008 at 10:44 pm
Misys - Directors continue to buy- in size « followthedirectors… a study of directors share dealings
[…] Match 31st that I had seen significant buying by the CEO, CFO and Chairman of Misys (MSY, 172p). (link to note of 31/3 here). Misys are up more than 35% relative to the FTSE250 index since March 31st, fuelled recently by […]
October 30, 2008 at 11:04 pm
Misys CEO buys $350k position in MDRX (Allscripts in the US) « followthedirectors… a study of directors share dealings
[…] have outperformed the market by 25% since Lawrie last bought shares in March 2008. In ‘mmmmmm Misys – ‘Turnaround Strategy’ working? ’ followthedirectors drew attention to the Misys directors share purchases: […]