This week you were again able to observe board members and supervisory boards diligently buying shares. Mayr-Melnhof Karton AG, Voestalpine AG, Erste Group Bank AG and Uniqa Insurance Group AG (Uniqa) were in demand. The Supervisory Board Nikolaus (Ankershofen) and his Pfannberg private foundation bought 1,000 shares from Mayr-Melnhof Karton AG for EUR 380,129, and CEO Peter (Oswald) – you can see him in the picture – put 1,000 shares in his portfolio for EUR 127,000. Voestalpine supervisory board member Franz (Gasselsbeger) grabbed 3,500 shares in the steel and technology group for EUR 61,000, Friedrich (Rödler) – he is the chairman of the supervisory board of Erste Group Bank AG – opted for 500 shares in the banking group for EUR 11,077. For CEO Wolf Christoph (Gerlach), it was 800 units of Uniqa, but due to the cheap share (price was 6.02 euros), he only paid 4,816 euros compared to Friedrich.
The ATX index is down around 30 percent this year, Mayr-Melnhof Karton AG and Uniqa are 25 percent cheaper, and Erste Group Bank AG and Voestalpine AG are around 45 percent cheaper. Acquisitions make sense and keep morale high.