Stephen Gunn

Stephen Gunn discloses dealings in The Keg Royalties Income Fund to SEDI. Over a trading history stretching from 22 February 2018 to 30 May 2019, the count stands at 4 filings.

No open-market sale appears; the market trades are 3 purchases worth €331k. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. In 2019 alone, the filings show 3 purchases and no sales.

In size, the median ticket on the buying side is €58k. None of the 3 purchases we analysed coincided with buying by another insider of the same company within 30 days.

On 30 May 2019 came the latest disclosure, an open-market purchase for €216k in The Keg Royalties Income Fund. The median gap between a trade and its publication by SEDI is 4 days. That lag is the time during which only the insider knows about the trade. Source: insider filings from SEDI. Past trades are no guide to future returns.