Directors buying is generally a sign they believe in the company and are in it for the long haul.

Sahba Abedian arrived at Sunland Group (ASX:SDG) in 1998 and has been the managing director since 2006. Last week he bought $882,519 shares on market.

Clearly he is in it for the long run. His father Soheil founded the business in 1983 and still sits on the board.

Rural Funds Group (ASX:RFF) directors continued to buy their own stock as it sues Bonitas over its allegations. Last week, Leslie Paynter bought $195,000.

Another director who bought was Alliance Resources’ (ASX:AGS) Ian Gandel, who sunk a further $374,401 to pick up more shares.

The gold miner, which Gandel owns over 30 per cent of and has served on the board since 2003 ,is a current takeover target.

Speaking of takeover bids, one company undertaking a bid of its own is Silver Lake Resources (ASX:SLR). It is in the process of taking over Egan Street Resources (ASX:EGA) and Silver Lake director Les Davis bought $550,974 worth of his company’s shares on market.

Code Company Director Change Date Volume $ What
SLR Silver Lake Resources Les Davis Buy 5-6 Sept 514,706 $550,974 On market
LYL Lycopodium Rodney Leonard Sell 6 September 1,000,000 $5,320,575 Off market
SVY Stavely Minerals Christopher Cairns Sell 9 September 6,500,000 $103,039 Off market
ANO Advance Nanotek Lev Mizikovsky Buy 8 September 22,721 $101,756 On market
RFF Rural Funds Group Leslie Paynter Buy 6 September 100,000 $195,000 On market
RFT Rectifier Technologies Valentino Vescovi Sell 5 September 2,862,079 $166,162 On market
G1A Galena Mining Adrian Byass Sell 9 September 5,050,000 $1,616,000 Off market
G1A Galena Mining Jonathan Dones Sell 9 September 5,050,000 $1,616,000 Off market
G1A Galena Mining Timothy Morrison Sell 9 September 16,000,000 $5,120,000 Off market
AKG Academies Australasia Christopher Campbell Buy 6 September 250,000 $141,650 On market
AGS Alliance Resources Ian Gandel Buy 9 September 2,674,292 $374,401 On market
VHT Volpara Health Technologies John Brady Sell 11 September 800,000 $1,280,000 Off market
VHT Volpara Health Technologies Ralph Highnam Sell 5 September 2,000,000 $3,200,000 Off market
VHT Volpara Health Technologies John Diddams Sell 5 September 300,000 $480,000 Off market
VHT Volpara Health Technologies Roger Allen Sell 5 September 2,000,000 $3,200,000 On market
SDG Sunland Group Sahba Abedian Buy 9 September 545,000 $882,519 On market
FAM Family Insights Group Matthew Walker Buy 9-12 September 267,380 $144,764 On market
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Making way for the instos

In the last two weeks we reported retailer Kogan (ASX:KGN) and tech play Phoslock Environmental Technologies (ASX:PET) as companies whose directors sold so other shareholders could buy in.

This week is was Volpara Health Technologies’ (ASX:VHT) turn. Four directors sold $8.16m between them.

About $6.4m of the total came from Ralph Highnam and Roger Allen. John Brady sold $1.28m and John Diddams sold $480,000. Highnam said the off market trades would strengthen its institutional base.

“These individuals remain totally committed to the business and its work in the early detection and ultimately prevention of breast cancer,” chairman Paul Reid said.

This also happened with lead explorer Galena Mining (ASX:G1A), with directors selling $8m between them because an institutional buyer wanted in.

Lycopodium (ASX:LYL) director Rodney Leonard also sold a big chunk of shares ($5.3m).