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Director Sales

lse:gsk

#1

LONDON (Alliance News) - GlaxoSmithKline PLC on Monday said Global Vaccines President Roger Connor and a close associate sold shares on Thursday, the same day the company announced its 2018 results.

Connor sold 6,464 shares at 1,557 pence each for GBP100,645 while a close associate named as “Mrs D Connor” sold 23,205 shares at 1,554.29p each for GBP360,673. Roger Connor’s beneficial interest following these transactions was not disclosed.

Pharma major Glaxo posted a pretax profit of GBP4.80 billion for 2018, up 36% from GBP3.53 billion in 2017. Revenue was GBP30.82 billion, rising from GBP30.19 billion in 2017.


#2

Director sells doesn’t mean diddly. Thought you’d know that.


#3

It does Doug, they sold them m8, and it’s not an insignificant amount totalling close to £1/2Million.

It doesn’t necessarily indicate anything of significance from an overall perspective but it’s still worth noting. I’d prefer to see directors buying than selling, wouldn’t you? - especially as GSK is supposedly on the cusp of such great things with Emma’s new found drive to everything oncology.

I provided it for information only.

and you can also add these to the mix - the company secretary decided to offload most of her recently accrued options :-

07-Feb-19 Sell Victoria Whyte 1,569.41p 6,910 £108,446.23

And she’s still selling the old girl :-
11-Feb-19 Glaxosmithkline GSK Whyte,Victoria 5,199 @ 15.54p £80,782.06

Games - Victoria - I’m a believer yeh yeh yeh !!
https://www.youtube.com/watch?v=gv2MLlZKarM


#4

Maybe I’m inherently contrarian, but I never set any great store on director buys/sells. I see Simpy Wall.st make a big deal about them but IME directors are often the worst predictors of where their companies are going … seen so many times over the years where Director buys were subsequently followed by SP falls worse (eg. CNA/RB/Carillion).


#5

she bought a few back

GlaxoSmithKline director Victoria Whyte acquired £47,000 worth of ordinary shares in the UK’s biggest drugs company on Thursday.
13-Feb-19 Glaxosmithkline GSK Whyte,Victoria 3,020 @ 15.47p £46,719.40

all seems a bit pointless unless she got pressure from the CEO to man up and keep the faith.

Games