JSE: Insiders’ trading

Trade by insiders keep popping up — a development that investors should keep an eye on for buy or sell signals. When Mayberry insiders are buying, investors should pay keen attention as it usually means a big profit increase ahead. The same can’t be said about the others below, but pay attention to Consolidated Bakery.

  • A related party to Mayberry Investments Limited (MIL) has purchased 628,612 MIL shares between June 28, 2013 and July 3, 2013.
  • An Executive of Sagicor Life Jamaica sold 408,647 of the company’s shares on July 2, 2013
  • A director purchased 820,000 Consolidated Bakeries Jamaica Limited shares on June 28, 2013.
  • Scotia Group Jamaica Limited (SGJ) advised that sixteen senior employees will obtain a total of 182,763 SGJ shares which have matured by way of the Employee Share Ownership Plan.
  • A Jamaica Money Market Brokers Limited (JMMB) related party sold a total of 1,069,780 JMMB shares between June 25 and 26, 2013. Insiders have been making a few million share sales since the release of their March final year accounts.
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