Directors selling shares not significant
Speaking of Famous Brands, the Halamandaris and Halamandres families – the majority shareholders – are again selling in sizable chunks. As always, I do not worry about directors selling, as there are simply far too many possible reasons for the sales. Frankly, in this case it is about cashing in some of their massive wealth. On the flipside, a Calgro M3* director bought in and there is only one reason to buy: you think the share offers a good deal. However, in this case the transaction was very small at some R360 000, so not really significant.