Brady Finance Director bins shares

Tony Ratcliffe, Finance Director of Brady, a software provider to the commodities sector, has disposed of 416,565 shares in the company.

Brady, who joined the company in 2007, sold the shares at 87p each for a total of £362,412.

The sale was made just four days after the company scored a new contract with a large commodity trading house.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues 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

Sign up

Under the contract Brady will support the unnamed firm's base metals trading, logistics and hedging activities.

Last month the company reported a 72% year-on-year rise in sales revenue to £19.2m, which it attributed to acquisitions and the buoyancy of its sector boosted earnings in 2011.

During 2011 Brady signed 14 "significant" licence contracts including its first deals in Hong Kong, Singapore and North Africa.

The share price has risen 6.7% over the past year, although has lost 7.89% in the past month.

Top Director Buys

XP Power Ltd. (DI) (XPP)

Director name: Mr David Hempleman Adams

Amount purchased: 5,000 @ 1,061.49p

Value: £53,074

Coastal Energy Co (DI) (CEO)

Director name: Mr Lloyd B Smith

Amount purchased: 4,108 @ 1,106.00p

Value: £45,434

Scottish American Inv Company (SCAM)

Director name: Mr Lord J O Kerr of Kinlochard

Amount purchased: 5,153 @ 229.50p

Value: £11,826

Sweett Group (CSG)

Director name: Mr Michael Henderson

Amount purchased: 50,000 @ 22.00p

Value: £11,000

Top Director Sells

Coastal Energy Co (DI) (CEO)

Director name: Mr William C. Phelps

Amount sold: 50,000 @ 1,094.62p

Value: £547,310

Brady (BRY)

Director name: Mr Anthony James Ratcliffe

Amount sold: 416,565 @ 87.00p

Value: £362,412

Coastal Energy Co (DI) (CEO)

Director name: Mr Lloyd B Smith

Amount sold: 18,000 @ 1,076.35p

Value: £193,743

RSA Insurance Group (RSA)

Director name: Mr George Culmer

Amount sold: 292,761 @ 102.85p

Value: £301,105

RSA Insurance Group (RSA)

Director name: Mr Simon P G Lee

Amount sold: 208,529 @ 102.85p

Value: £214,472

RSA Insurance Group (RSA)

Director name: Mr Adrian Brown

Amount sold: 108,892 @ 102.85p

Value: £111,995

NR