We take a look at directors buying and selling shares in their own company in our weekly column.
- Non-exec buys British Land shares
- Burberry non-exec buys shares
- Non-exec directors buy shares in Central Asia Metals
Here’s why Director Dealings can play an important role in stock-picking
Non-exec buys British Land shares
British Land [LON:BLAND] Non Executive Director, Loraine Woodhouse has purchased 5,602 shares in the Company at a price of 355p per share for a total consideration of £19,887. The FTSE 100 Property group published its full year results earlier this month, reporting a 12% annual fall in the value of its £9bn portfolio, which includes some prime properties like Broadgate in the City of London. CEO Simon Carter was in bullish mood last week, telling the Financial Times that he thought the London office market was close to the bottom, especially assets held in the British Land portfolio.
Shares in British Land were trading at 366.60p at the time of writing, down 10% in 2023 and -30% over the last 12 months.
Burberry non-exec buys shares
Burberry LON:BRBY Non Executive Director, Alan Stewart has purchased 2,155 shares in the Company at an aggregate price of 2319.645p per share for a total cost of £49,988. The FTSE 100 luxury fashion house announced full year results on 18th May and saw its decision not to revise guidance for the new financial year, despite reporting strong results, and its mention of being “mindful” of the macroeconomic and geopolitical environment, prompt investors to take profits. The waning momentum of China’s recovery, following the lifting of Covid-19 restrictions in December, also remains a concern given that China is its largest market.
Shares in Burberry were trading at 2,278.50p, up 10% for the year to date and +40% over the last 12 months.
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Non-exec directors buy shares in Central Asia Metals
Central Asia Metals LON:CAML has this week announced that Non Executive Directors, Dr Gillian Davidson and David Swan have purchased 10,119 and 5,000 shares for a total cost of £19,985 and £10,050 respectively. The AIM listed mining producer has seen its share price fall in recent months in line with many of its peers in the junior mining space as economic concerns and investor sentiment weigh heavily. Our AI company data engine powered by Bridgewise rates the stock as a ‘Hold’ and notes that “investing in this company can still be a good diversification option for a portfolio, but not the top choice.”
Shares in Central Asia Metals were trading at 201.99p, down 20% in 2023 and -15% over the last 12 months.
