ADW (African Dawn Capital Limited) Directors Dealing In Securities:

Some directors dealing came through on SENSE just a few seconds ago.

Sales of 1 112 500 at 239 per share (R 2,658875) by a director to buy the same amount of single stock futures with an expiry date of 30 Sept 2007. to hedge against this position 166 000 shares were bought at R2.38 (R 395 080)


Single stock futures or SSF's are highly leveraged instruments. Directors are in the now when it comes to a companies future earnings and I highly doubt that a director will buy a SSF unless he thinks the price will increase so that he can make more money.

	Share Name	Price	Yesterday	Diff	%	High	Low	Deals	Vol	Value
ADW	AFDAWN	235	238	-3	-1.26	240	230	6	70,100	164,034

Thus the director might have made use of the temporary weakness to buy these at a favorable price. I might be interpreting this completely wrong and I must admit my knowledge of SSF’s is limited.

I will try to update what happened in the markets lately later today

Investments on the Johannesburg stock exchange