Here's a video of Keith Daley, CEO of Checkit PLC, presenting at the Yelowstone / Five Minute Pitch investor evening (October 2019):
https://www.fmp-tv.co.uk/2019/12/02/video-checkit-plc-investor-presentation/
he was very convincing at the presentation
(it is a risk/reward situation - not for W&O)
Today, the Chairman buys 2m shares at 32p.
He also bought c.1m shares at 30p just before Christmas.
I think this is even more positive than it first appears because....
1 - Keith Daly (KD) is in charge of the big multi-national contracts (with BP etc...).
He bought yesterday after the TU (so obviously he was in a closed period).
So not only does it mean that negotiations must be going well,
but also as he knew he was going to be buying 2m shares ,
i think it is likely he was not pushing to get contracts over the line.
Now that he has bought the shares, i think contract announcements will follow.
2 - the shares are tightly held. there was a lot of over hang over the tender and people banking profits but selling out of a small value holding post tender. i dont know if this overhang is all cleared yet but we must be pretty close. i.e. if there was another 1m share available surely he would have bought 3m.?
3 - ST in the ic has covered these regulalry before.
I think he is very likely to cover again , mentioning the CEO purchase and significant holding,
and highlighting the attractive risk / reward on offer.
All IMHO, DYOR + BoL
CKT is in my portfolio
