Over the past 10 days two directors of FKP have also bought shares in the company, indicating an expectation of an increased price. Peter Brown bought 100,618 shares at $1.00 each in his own name, taking his total holding in FKP to 789,440 shares. James Frayne purchased 10,000 shares for he and his wifes superannuation fund at a cost of approximately $10,000. As of 5 November the shares were trading at $1.30, or 30% higher already.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
