Monday’s Insider Report: | Motive Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
Monday’s Insider Report:
April 13, 2020
6:58 am
krwilson
Member
Members
Forum Posts: 123
Member Since:
March 15, 2019
sp_UserOfflineSmall Offline

C&P from Globe and Mail April 13th, 2020.

Canadian Western Bank (CWB-T)

On March 23, Daryl MacLellan, president and chief executive officer of CWB Maxium Financial (a subsidiary of Canadian Western Bank), acquired 20,000 shares at a price per share of $16.75 for an account in which he has control or direction over (MacLellan Family Trust), taking this account’s position up to 141,686 shares. The cost of this purchase totaled $335,000, not including trading fees.

Between March 16-18, Stephen Murphy, executive vice-president- banking, invested over $277,000 in shares of Canadian Western Bank. He purchased a total of 15,000 shares at an average price per share of roughly $18.48, boosting this account’s holdings to 22,088 shares.

April 13, 2020
8:19 am
Doug
British Columbia, Canada
Member
Members
Forum Posts: 3657
Member Since:
December 12, 2009
sp_UserOfflineSmall Offline

krwilson said
C&P from Globe and Mail April 13th, 2020.

Canadian Western Bank (CWB-T)

On March 23, Daryl MacLellan, president and chief executive officer of CWB Maxium Financial (a subsidiary of Canadian Western Bank), acquired 20,000 shares at a price per share of $16.75 for an account in which he has control or direction over (MacLellan Family Trust), taking this account’s position up to 141,686 shares. The cost of this purchase totaled $335,000, not including trading fees.

Between March 16-18, Stephen Murphy, executive vice-president- banking, invested over $277,000 in shares of Canadian Western Bank. He purchased a total of 15,000 shares at an average price per share of roughly $18.48, boosting this account’s holdings to 22,088 shares.  

Not surprising at all. Anything below $20 for CWB is a steal. Senior executives, especially Murphy, are restricted as to timing when they can make their purchases.

I purchased my 250 or so shares at ~$17.90, in late March.

Cheers,
Doug

April 13, 2020
9:36 am
canadian.100
Member
Members
Forum Posts: 393
Member Since:
September 7, 2018
sp_UserOfflineSmall Offline

Doug said

Not surprising at all. Anything below $20 for CWB is a steal. Senior executives, especially Murphy, are restricted as to timing when they can make their purchases.

I purchased my 250 or so shares at ~$17.90, in late March.

Cheers,
Doug  

How did you base your "steal price" for CWB to be anything below $20? Why did you not pick one of the big banks (rather than CWB) whose prices also took a hit in March but have now climbed up somewhat and have higher rating than CWB.
On one hand I think banks could suffer in the short term from loan write-offs but perhaps the bottom line may be not so bad since they will make considerable profits just handling the gigantic money inflow/outflow coming in from governments and out to clients.

Please write your comments in the forum.