Three executive directors of Mercia Asset Management have recently purchased shares in the company at a significant discount to the net asset value (NAV).
This move comes as the share price trades significantly below its NAV, presenting an attractive opportunity for these directors to increase their holdings.
The purchases were made at prices ranging from 34.5p to 34.84p per share, compared to the current NAV of 43p per share.
These directors' purchases suggest their confidence in the company's future prospects and potentially indicate a belief that the share price is undervalued.
