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Update- a few questions on 3i (III)

I’m thinking of taking some profits on 3i (III, 400p) (theoretical ex rights price 250p) There will be no new news from this private equity group until the Interim Results, which are to be released in July, maybe with the AGM which is on July 8th (company website Financial calendar In reviewing the media […]

3i (III)- five of the seven non execs have bought shares in last month

On February 2nd we closed our negative view on 3i (III, 206p) with a 67% return relative to the market, or a 76% absolute return (post here). We were a little wary of recent directors purchases, suggesting that they were in support of the incoming CEO Michael Queen. The market appluaded McQueens appointment and rewarded […]

The week ahead: ARM, CPG, MSY, AMEC, CKSN, III, GFRM, ENO

I’m going to start to look more closely at using recent director dealing activity as a signal ahead of news. (I’m unsure about the reliability of what is essentially a long term signal being used as a forecast for short term movements in share prices. We’ll see how it goes shall we.) All stocks listed […]

3i – close negative view with 67% relative underperformance

So Yea was right, again. Yea, until last week the CEO of the UK venture capital group 3i (III, 219p), sold GBP 500,000 of shares back in July 2008 at 823.5p (see ‘3i- Hooray for Yea- now take profits‘ July 23rd) 3i shares are now trading at 219p, a fall of 76%. The FTSE 100 […]

Directors selling where I interprete the action to send a STRONG signal are…

My last post listed companies selected so far this year for a high level of conviction (or Strong signal) in directors buying shares. Below I list companies selected so far this year for directors SELLING, where I believe the actions of the directors to be a STRONG signal for investors. Those companies are as follows […]

3i- Hooray for Yea – now take profits

In my post of March 6th: ‘3i CEO Philip Yea buys back £1/2m worth of shares’ I commended Philip Yea for his expertise in trading in his own company stock, 3i. Note now that on July 14th Yea sold 60,831 shares at 823.5p, taking £500k off the table, leaving him with a residual 275,000 shares. […]

3i CEO Philip Rea buys back £ 1/2 million of shares

3i Groups (III, 820.5p) CEO Philip Rea has ample experience in dealing in his companys shares. Experience that is worth noting. In May/June 2006 he bought 30,000 shares at an average price of 830p In August 2007 he sold 76,203 shares at 1070p. And now, on March 4th 2008, he is seen buying 60,000 shares […]