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Tom Richardson

Director selling season kicks off

The window for ASX directors to sell shares is open and active, in the middle of an earnings season dominated by worries over the impact of COVID-19. And some have already taken advantage.

Last week, Stephen Padgett, the chairman and co-founder of Alliance Aviation Services, sold 1 million shares in the charter flight group for $3.5 million.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/rear-window/director-selling-season-kicks-off-20200817-p55mff