iSelect's board has been lapping up shares at low levels after a disastrous listing on the ASX

Tom McKay

iSelect's board has been lapping up shares at low levels after a disastrous listing on the ASX. Over the past week or so, five of the six-person board have bought stock, led by Damien Waller, executive chairman and co-founder, who spent about $245,000 at an average price of $1.39. iSelect directors have spent about $370,000 in recent days; the company declined to comment on the buying. At yesterday's closing price of $1.41, the shares are selling at about 19 times forecast earnings. Read more: (VIEW LINK)


About this contributor

Tom McKay

Tom McKay

Managing Director and Co-Founder, Livewire

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

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Australia equities isu

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