Little over three months ago David Hurwitz, CEO of Transaction Capital, sold 42% of his nearly four million shares in the group. The 1.6 million shares were disposed of on the market over three days for a total consideration of R50.99 million. This was revealed in a rather innocuous announcement on 19 December, in the second-quietest trading week of the year. At the time, the group said the Dovie Trust had pledged these shares as security for portfolio debt from an institutional lender.
Hurwitz would surely have known in December already that trading in both the SA Taxi and WeBuyCars divisions was substantially below expectations? The entire board would’ve surely known this; conditions did not suddenly deteriorate in the first two months of this calendar year. The fact that once-off charges and likely impairments will see the overall group report a loss shows just how shocking Monday’s update was.
he sold 30%
I'm wondering what the share price would've been if the public knee about this 3 months ago.
Os he buying again?
Another Markus Jooste ...
Corruption rules in SA
Yip, jewboys will screw you anytime
Prick...
Whats that other dude...Markus...ja Jooste. Smells of insider trading. Will Leila Fourie do anything...nahhhh
Lucky punter.
Lekker man!
And what's the bet nothing will be done.
'Hurwitz would surely have known in December already that trading in both the SA Taxi and WeBuyCars divisions was substantially below expectations?'
Legitimate insider trading ?
Shocking😡😡😡
Jah neh.