What Collymore share buy says of Safaricom

Bob Collymore Increasing insider ownership sends a message of confidence in the company’s long-term prospects. FILE PHOTO | NMG

Investors pay close attention to what executives and board members do with their own shares in a company.

The theory goes that if these insiders who know a company best are buying shares, they must have good reasons to be optimistic. So, when insiders – company officers, directors and largest shareholders—are buying company stock in a rising market like this can be a strong endorsement.

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Note: The results are not exact but very close to the actual.