David Hempleman-Adams, a non-executive director of power controller manufacturer XP Power, has purchased two lots of shares less than a week after the firm cautioned over its revenues.
The first purchase saw Hempleman-Adams, who joined the firm in 2008, snap up his first round of shares in the firm, buying 5,000 at 1,061.49p.
Three days later, on April 16th, he then bought an additional 4,450 shares for 1,057.70p each at a cost of £47,068, taking his total stake in the company to 9,450, or 0.05%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Just one day before the first purchase, the company announced that group revenues in the three months to March 31st declined by 10% over the same period in 2011, with the weakness most evident in the industrial sector. In constant currency the decline was 11%.
The firm says it expects stronger revenues in the second quarter with customers placing orders at an increased rate, but warned that full year revenue is likely to be flat.
The share price has plunged over 35%, equivalent to 598p, over the past year, although it has risen 1.7%, equal to 18p, in the last week.
Top Director Buys
XP Power Ltd. (DI) (XPP)
Director name: Mr David Hempleman Adams
Amount purchased: 4,450 @ 1,057.70p
Value: £47,068
Plant Health Care (PHC)
Director name: Mr David Buckeridge
Amount purchased: 19,400 @ 54.12p
Value: £10,499
Plant Health Care (PHC)
Director name: Mr Samuel A Wauchope
Amount purchased: 19,400 @ 54.12p
Value: £10,499
Top Director Sells
Aggreko (AGK)
Director name: Mr Rupert Soames
Amount sold: 322,384 @ 2,160.00p
Value: £6,963,494
Aggreko (AGK)
Director name: Mr Angus Cockburn
Amount sold: 210,612 @ 2,160.00p
Value: £4,549,219
Aggreko (AGK)
Director name: Mr Kash Pandya
Amount sold: 210,258 @ 2,160.00p
Value: £4,541,573
Aggreko (AGK)
Director name: Mr George P Walker
Amount sold: 161,495 @ 2,160.00p
Value: £3,488,292
Aggreko (AGK)
Director name: Mr Bill Caplan
Amount sold: 130,598 @ 2,160.00p
Value: £2,820,917
Spirax-Sarco Engineering (SPX)
Director name: Mr James Whalen
Amount sold: 7,500 @ 2,112.20p
Value: £158,414
Brammer (BRAM)
Director name: Ms Christopher Short
Amount sold: 10,300 @ 351.00p
Value: £36,153
Brammer (BRAM)
Director name: Mr Ian Fraser
Amount sold: 10,000 @ 351.00p
Value: £35,100
NR
-
SIPP holders to get cash warnings and be offered default fundsNews Providers will be required to offer investors a default fund and must warn customers of the inflationary risk of cash savings the regulator has said. What the new rules mean for your retirement pot?
-
Zoopla: Asking price discounts hit a five-year high – is now the time to buy a property?
News Zoopla’s October House Price Index shows sellers are accepting discounts of 5.5% on average to secure a sale – we reveal where homeowners are taking the biggest asking price cuts
