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).

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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.

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