Monday 1 December 2014

German inside trading: November 2014

Germany, insider trading, November, 2014

Ouch, by the first look of it then they have been busy again here in Germany so lets see if that is really the case or just the same activity having in a few companies. Managers are like any other herd... if one start buying then others often also do.

For the previous report please click on German inside trading: October 2014.

The dealings were:

Catalis - sold shares 
Klassik Radio AG - bought shares

Curasan - bought shares
Alphaform - bought shares
PVA TePla - bought shares
Lufthansa - bought shares, analysis of Lufthansa 2014.
mybet Holding SE - bought shares

Gerry Weber - bought and sold shares, analysis of Gerry Weber.
Pfeiffer Vacuum - bought shares
H&R AG - bought shares
OPENLiMiT - bought shares

WashTec - bought shares
Nucletron Electronic - bought shares
Westgrund - bought shares

Evonik - bought shares, analysis of Evonik.
RIB Software - bought shares

Röhn Klinikum - sold shares
Allgeier - bought shares

Deutsche Wohnen - bought and sold shares, analysis of Deutsche Wohnen.
Lanxess- bought shares,  analysis of Lanxess 2014.
Kion Group - sold shares
Jungheinrich - bought shares

Dialog Semiconductor - sold shares
Omiris - sold shares
Rheinmetall - bought shares, analysis of Rheinmetall 2014.
BASF - bought shares, analysis of BASF 2014.
Symrise AG - bought shares
Hella - sold shares

PSI Ag - bought shares
3U Holding - bought shares
3W Power S.A. - bought and sold shares
HanseYachts - bought shares
Norma Group - bought shares, analysis of Norma Group.

Colexon Energy - bought shares
SMT Scharf - bought shares
Adidas - bought shares, analysis of Adidas 2014.
Eurokai - bought shares
MTU Aero Engines - bought shares
Einhell - bought shares
United Internet - bought and sold shares

Schaltbau Holding - bought shares
Aixtron - sold shares
Schweizer Electronics - sold shares

Conclusion: Lufthansa has been increasing in share price lately and the management have bought plenty of shares. Even though I am not allowed to think macro I still assume this comes from decreased kerosene prices and higher earnings that follows for the flight companies. High activity selling in Dialog Semiconductor. Omiris seems to be a postbox company with a questionable value of existence. Plenty of activity with Hella also... PSI has been buys buying. Intensive activity also with Schweizer Electronics and United Internet.

For me good news that managers bought in BASF and bad news that they keep selling in DB,.. which does not surprise me any more...

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