Well timed share purchase by IWG’s CEO Mark Dixon in March 2020. Last week’s successful fund raising the latest boost to performance. Here is what we said when we positively rated the stock on 17th March:
Mark Dixon (CEO, founder, 1989) purchased 2 million shares on March 16th at £1.51, spending £3 million. While the purchase barely moves the dial on his holdings of 28% of the company, he has proved to be a timely buyer in the stock and we have him ranked as a “Smart Buyer”. His last purchase was in June 2019 at £3.36. He was also a buyer of the stock in 2001-2002 at much lower prices…ideally, we see him continue to purchase shares…we are ranking the stock +1.