We take a look at directors buying and selling shares in their own company in our weekly column.
- Grafton CEO purchased 11,300 shares
- Diageo Chairman buys shares
- Hill and Smith non exec buys 3,011 shares
- Non exec buys 107k shares in Phoenix Group
- CEO buys 3,484 shares in Craneware
Here’s why Director Dealings can play an important role in stock-picking
Grafton Group LON:GFTU Chief Executive, Eric Born has purchased 11,300 shares on 10th March at a price of 870p per share for a total consideration of £98,310. The FTSE 250 builders merchant released its final results earlier this month which came in ahead of market expectations. The Group noted the macro-economic challenges in its markets but “continued to perform well with operating profit close to last year’s record result against a less favourable market backdrop.”
Shares in Grafton Group were trading at 869.65p at the time of writing, up 6.6% for the year to date and -13.3% over the last 12 months.
Diageo LON:DGE Chairman, Javier Ferrán purchased 236 shares on 10th March at a price of 3,508p per share for a total consideration of £8,279. The FTSE 100 multinational alcoholic beverage business has recently completed the acquisition of Don Papa Rum, a super-premium, dark rum from the Philippines. which the group notes is “in line with Diageo’s strategy to acquire high growth brands with attractive margins that support premiumisation.”
At the time of writing, Diageo shares were trading at 3,475.50p, down 3.79% this year and +0.6% over the last 12 months.
Hill & Smith LON:HILS Non Executive Director, Tony Quinlan purchased 3,111 on 13th March at a price of 1,300p per share for a total consideration of £40,443. The FTSE 250 supplier of products for the construction and infrastructure industries saw record profitability from its final results that were released last week. The US businesses represented 64% of Group operating profit and “this is expected to increase further following our recent acquisitions of National Signal, Enduro Composites and Korns Galvanizing.”
Shares were trading at 1,314p, up 10.4% this year and -9.5% over the last 12 months.
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Phoenix Group LON:PHNX Non Executive Director, Nicholas Shott has purchased 107,427 shares on 13th March at a price of 602p per share for a total consideration of £646,710. The FTSE 100 insurer released its full year results on Monday highlighting new business growth of £1.23bn and increasing its dividend by 5%. The group did however post an IFRS loss after tax of £1,76m as volatile markets hit the value of the insurance company’s investment portfolio.
Shares were trading at 578.5p, down 6% this year and -8.5% over the last 12 months.
Craneware LON:CRW CEO, Keith Neilson purchased on 13th March 3,484 shares at a price of 1,435p per share for a total consideration of £49,995. The AIM listed healthcare software provider released its interim results last week and saw revenues up 6% over the period. The update noted the ongoing inflationary pressures and staffing shortages faced by its customers and partners but noted that building blocks were in place for “growth acceleration as the current pressures within the US healthcare market abate.”
Shares were trading at 1,373p, down 25% this year and -20% over the last 12 months.
