Maybe we should be buying Phumelela shares ?

I see Marcus Jooste has been buying Phumelela shares on a regular basis over the last few weeks on an indirect beneficial declaration. Maybe we should be taking the hint. Share price is up 10% in the last 3 weeks. Over R3 million worth of shares purchased.

Thanks Marcus, for the good tip. Sold at R 10,50 a share.

I also sold at R10,50 a share. Despite the excellent dividend you have to wonder about the financial future of the sport locally and the drain it imposes on the overall well being of the company. Regrettably for any listed business that's all the shareholder concerns himself or herself about.

Also bothers me that too many shares are held and/or controlled by a handful of insiders who influence and/or direct the activities and policies of the company.