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Director Deals: Balfour Beatty, Dialight, Begbies Traynor, 888

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We take a look at directors buying and selling shares in their own company in our weekly column.

  • Non-exec buys Balfour Beatty shares
  • Directors increase Dialight holdings
  • Begbies Traynor non exec buys shares
  • 888 Holdings Chairman and CFO buy shares

Here’s why Director Dealings can play an important role in stock-picking

Balfour Beatty non-exec buys shares

Balfour Beatty [LON:BBY] Non Executive Director, Stuart Doughty CMG has purchased 2,775 shares at a price of 375p per share for a total consideration of £10,406.

The FTSE 250 construction business announced a strong set of full year numbers last month with underlying profit from operations up 42% to £279 million and a 17% increase in its full year dividend. The share price will be boosted by the announcement of a £150 million share buyback confirmed for a third consecutive year.

At the time of writing, shares were trading at 376.60p, up 10% for the year to date and +44% over the last 12 months.


Directors increase Dialight holdings

Dialight [LON:DIA] Group Chief Executive, Fariyal Khanbabi purchased 4,834 shares at a price of 205p per share for a total consideration of £9,909. In addition, Clive Jennings, Chief Financial Officer, purchased 5,000 shares at a price of 209.19p each for a total cost of £10,459 whilst Non Executive Director Nigel Lingwood also purchased 5,000 shares at a price of 205p each for a total cost of £10,250.

The sustainable LED lighting business announced full year numbers last month with group revenues up 29% to £169.70m. Price inflation and continued global supply chain disruptions impacted the important December trading period but the group sees brighter times ahead with Khanbabi commenting “Whilst these headwinds remain, we believe that they are in most cases transitory, and we expect to see some alleviation in H2 2023.”

Shares were trading at 214.50p, down 30% for the year to date and 41% over the last 12 months.

Begbies Traynor non exec buys shares

Begbies Traynor [LON:BEG] Non Executive Director, John May has purchased 44,334 shares at 120p each for a total consideration of £53,200. This follows a purchase last week by the same Director of 27,666 shares at a price of 117.77p per share for a total consideration of £32,582.

The AIM-listed insolvency specialist last month acquired Mark Jenkinson & Son, a firm of chartered surveyors with a focus on property auctions for £0.4m to bolster its Sheffield team. The business generates annual fee income of c.£1m.

Shares were trading at 117.90p, down 18% for the year to date and +9% over the last 12 months.

888 Holdings Chairman and CFO buy shares

888 [LON:888] Chief Financial Officer, Yariv Dafna purchased 20,000 shares, at a price of 78.4p each for a total consideration of £15,680. In addition Jon Mendelsohn, Executive Chair purchased 100,000 Ordinary Shares, at an average price of 68.4p each for a total consideration of £68,400. This follows last weeks’ well received trading update which saw group revenue for the full year up 74% to £1,238.8 million.

The integration of the William Hill business in to the group is making good progress and there is no further expected impact on UK operations or revenue expectations arising from the settlement between the Gambling Commission and William Hill announced last month in relation to historic player safety failings. The conclusion of an internal investigation into shortfalls in best practices for Middle East VIP customers is further good news and has given reason for shareholder cheer.

At the time of writing shares were trading at 77.15p, down 12% for the year to date and -64% over the last 12 months.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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