A director of Judges Scientific has just sold a block of shares.
The reason given was to help with share liquidity.
If this was the genuine reason would not a share split not have also been a good idea?
The share sale takes the Director's holding down from 15% to 12.4% so there is a reasonable liquidity benefit in opening up the free float in the company slightly from about 68% to just over 70%. At £20 per share, the denomination is not that unmanageable as to make a stock split really necessary.
Clearly, the Director has a purely altruistic motive in selling; nothing to do with the 2,996,813 other possible motives for such a sale.
Gus.
