Pat Brazel: (non exec) bought 100k shares in a spreadbet yesterday.
Given his back ground he should be very close to whats happening so i'd have thought he was betting on a rise
But are there any rules on directors betting on there own company?
Extract from Brady site:
Pat joined the Board in January 2008 and brings over 25 years of experience working in the international financial software industry. Pat is also currently Chairman of GoldTier Technologies. Prior to joining GoldTier he was CEO of Eontec, the market leader in multi-channel retail banking solutions prior to its acquisition by Siebel Systems in 2004. He was a founder and chairman of Sentry Financial Systems, the pre-eminent provider of collateral management software, prior to its acquisition in 2002 by Algorithmics Inc. As president of SunGard Capital Markets, Pat led the company to become the dominant player in the derivatives trading and risk management systems market. He holds a Masters in Management Science from Trinity College, Dublin and is a trustee of the Dublin City University Educational Trust.
7th oct 13, from 4 traders, Brady PLC : Brady extends its Cloud Services to offer solutions to recycling companies
Brady is now offering a fully hosted service for their products CRES™ and IMPACT™, this I would suggest significantly widens the number of potential clients. They will be smaller, but that means probably a higher unit charge, with no real change to the underlying infrastructure cost base. Brady is proposing as an option a "pay as you go model". I've modelled this type of approach (for SAP systems) get it right it really can be a win/win scenario.
now I think I see why pat brezal did his spreadbet
