Tuesday, 20 March 2007

Fujin Technology - Director options

The RNS yesterday laying out the director options tell you where they expect the price to be within the next 5 years, or their hopes for it at least.

The options granted from the unapproved scheme are exercisible 1 year from the date of issue but expire in 5 years time. The interesting thing is that all the options have price targets attached to them. The current offer price is 29p.

From the RNS
"The options will be exercisable in three equal tranches: the first tranche when the share price reaches 58p; the second when the share price reaches 87p and the third when the share price reaches 116p."

I still think the illiquidity of this share is the biggest issue for private investors as it makes it very difficult to get movement in the share price if there are no spare shares to be traded. So once you are in you could be locked.