Two Fenner directors snap up shares

John Sheldrick, a Non-Executive Director of FTSE 250 polymer technology firm Fenner, bought himself 10,000 shares just one day after the company unveiled a 53 per cent increase in pre-tax profit.

Sheldrick purchased the shares for 440p each, for a total of £44,000. This represents 0.005% of Fenner's total issued shares and is Sheldrick's entire holding.

On the same day, Sheldrick's fellow board member, Vanda Murray, also bought a stake in the firm, buying up 2,000 for 446.88p each (equal to 0.0001% in the company).

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

The company's rise in profit, for the half year ended February 29th, was the result of bumper demand from its energy and mining customers.

Latest Videos From

Underlying pre-tax profit increased to £48.1m while pre-tax profit rose to £41.7m from £26.6m the previous year. Revenue for the period swelled to £412m from £332.5m previously.

The group said trading since February has been in line with company expectations.

Top Director Buys

Fenner (FENR)

Director name: Mr John Sheldrick

Amount purchased: 10,000 @ 440.00p

Value: £44,000

Eastern European Trust (EST)

Director name: Ms Rachel Beagles

Amount purchased: 10,096 @ 257.50p

Value: £25,997

Games Workshop Group (GAW)

Director name: Mr Mark Wells

Amount purchased: 4,490 @ 569.94p

Value: £25,590

Vislink (VLK)

Director name: Mr John Varney

Amount purchased: 32,827 @ 33.20p

Value: £10,899

Top Director Sells

IFG Group (IFP)

Director name: Mr Declan Kenny

Amount sold: 50,000 @ 122.68p

Value: £61,340

Games Workshop Group (GAW)

Director name: Mr Mark Wells

Amount sold: 1,982 @ 570.00p

Value: £11,297

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.