Q: Hi 5i,
Now that the cancelled Analyst Day has long past and LSPD share price continues to creep up, has there been any news on your radar that might give a hint or clue as to whats happening with the name?
Is 5i able to comment insider trading activities?
Would 5i continue to hold at current price?
Thx
Now that the cancelled Analyst Day has long past and LSPD share price continues to creep up, has there been any news on your radar that might give a hint or clue as to whats happening with the name?
Is 5i able to comment insider trading activities?
Would 5i continue to hold at current price?
Thx
5i Research Answer:
There has been some minor insider trading, but nothing of note. Frankly we are surprised there is any at all and would have expected insiders to be restricted while a review is ongoing. The stock has been very strong, down only three trading days in nearly a month. Volume has been decent, especially in the US, but not enough really to indicate something is imminent. We have no new rumours or insight here. We do think a sale of the company makes the most sense, considering its valuation, small size and its history (investors have long memories so its valuation could stay low for a while). We would hold.