BA Directors Dumping Millions of Shares
Over the last 2-3 weeks at least 7 BA directors and a wife have disposed of approximately 2 million shares. Some of these options are from the Executive Share Option plan and Long Term Incentive Plan, others are privately held shares.
These 'director’s dealings' are seen as very clear indicators of the future direction of the share price or at least reflect the sentiment of the company directors towards their stock. The BA share price has shown good gains over the year and is currently around £5.00.
There have also been several very large transactions by The British Airways Employee Benefits Trust (sales and purchases). Willie Walsh has not sold any but I would suggest that with 7 key directors (and a wife) off loading options any private investor would be wise to follow their lead.
All the information is readily available via the London Stock Exchange.
Last edited by Airbrake; 12th Dec 2006 at 10:00.