Bodycote CEO ditches chunk of shares
A round-up of the biggest director deals today so far.
Stephen Harris, who has held the role of Chief Executive Officer at FTSE 250 heat treatment firm Bodycote for over three years, sliced off a sizeable chunk of his shares on May 4th.
Harris, who has also been a director of Spectris, ditched 94,000 shares at 421.00p each, earning himself the handsome sum of £395,740.
He now holds 542,983 shares in the firm.
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The sale was made just a few days after the company announced plans to open a new surface technology plant in Houston, Texas. The new plant, scheduled to open during the third quarter of 2012, will enable Houston's large oil & gas market to access Bodycote's spray services, which prolong the life of components operating in extreme environments.
Bodycote recently unveiled a strong first quarter and is on track to meet full-year forecasts.
Revenue for the three months to the end of March was 6.9% higher than in the same period last year, while sales in its Aerospace, Defence & Energy division were ahead by 13.5% compared to the same period in 2011.
The share price has risen just 1.3% in the past year, and is down over 10% in the last month.
Top Director Buys
InterQuest Group (ITQ)
Director name: Mr Gary Goldsmith
Amount purchased: 668,896 @ 59.80p
Value: £400,000
Sinclair Is Pharma (SPH)
Director name: Mr Jean-Charles Tschudin
Amount purchased: 251,160 @ 26.60p
Value: £66,809
Kofax (KFX)
Director name: Mr Reynolds Carl Bish
Amount purchased: 20,000 @ 260.00p
Value: £52,000
XP Power Ltd. (DI) (XPP)
Director name: Mr Larry Tracey
Amount purchased: 4,000 @ 1,175.00p
Value: £47,000
Raven Russia Ltd (RUS)
Director name: Mr Glyn Vincent Hirsch
Amount purchased: 66,240 @ 61.00p
Value: £40,406
Raven Russia Ltd (RUS)
Director name: Mr Anton John Godfrey Bilton
Amount purchased: 64,759 @ 61.00p
Value: £39,503
Maven Income & Growth 3 VCT (MIG3)
Director name: Mr Bill Nixon
Amount purchased: 45,000 @ 73.50p
Value: £33,075
Somero Enterprises Inc.(Reg S) (SOM)
Director name: Mr Jack Cooney
Amount purchased: 84,000 @ 23.50p
Value: £19,740
Lloyds Banking Group (LLOY)
Director name: Mrs Sara Weller
Amount purchased: 50,000 @ 32.33p
Value: £16,165
Capital & Regional (CAL)
Director name: Mr Charles Staveley
Amount purchased: 50,000 @ 29.29p
Value: £14,645
Top Director Sells
Bodycote (BOY)
Director name: Mr Stephen C Harris
Amount sold: 94,000 @ 421.00p
Value: £395,740
Raven Russia Ltd (RUS)
Director name: Mr Mark Sinclair
Amount sold: 173,000 @ 60.62p
Value: £104,873
NR
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