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)


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