Maintel sales director reduces sizeable stake in firm
A round-up of the biggest director deals today so far.
Angus McCaffery, Sales and Marketing Director of Maintel, a telecoms and data services company, sold off 115,000 ordinary shares for 380p each.
The £437,000 transaction left McCaffery with just over two million shares, equal to around 19.25% of the company.
Earlier this month the firm posted a rise in both revenue and profit for the year ended December 31st. Income was up from £22m to £25.9m year-on-year, while pre-tax profit climbed from £2.7m to £3m.
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Cash at the end of the period rose £0.5m to £2.95m. A final dividend of 6p was proposed, making 10.6p for the year, compared to 8.5p the previous year.
The stock has boomed over the past year, rising more than 100%, equivalent to 200p, and nearly 15%, or 50p over the past month.
45-year-old McCaffery was a co-founder of Maintel Europe in 1991 and previously held the position of sales director of Maintel Holdings.
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Top Director Buys
Lancashire Holdings (LRE)
Director name: Mr Robert Alan Spass
Amount purchased: 81,648 @ 783.15p
Value: £639,426
Vislink (VLK)
Director name: Mr Andrew Sleigh
Amount purchased: 200,000 @ 30.00p
Value: £60,000
Vislink (VLK)
Director name: Mr John E Hawkins
Amount purchased: 66,700 @ 30.50p
Value: £20,344
Quarto Group Inc. (QRT)
Director name: Mr Edward Krawitt
Amount purchased: 10,000 @ 151.75p
Value: £15,175
Top Director Sells
Cookson Group (CKSN)
Director name: Mr Francois Wanecq
Amount sold: 642,989 @ 703.11p
Value: £4,520,920
Cookson Group (CKSN)
Director name: Mr Nick Salmon
Amount sold: 525,914 @ 703.11p
Value: £3,697,754
Cookson Group (CKSN)
Director name: Mr Mike Butterworth
Amount sold: 265,600 @ 703.11p
Value: £1,867,460
Weir Group (WEIR)
Director name: Mr Keith Cochrane
Amount sold: 92,090 @ 1,769.98p
Value: £1,629,975
Weir Group (WEIR)
Director name: Mr Alan W F Mitchelson
Amount sold: 74,559 @ 1,769.98p
Value: £1,319,679
Jardine Lloyd Thompson Group (JLT)
Director name: Mr Dominik Burke
Amount sold: 83,300 @ 699.20p
Value: £582,434
Maintel Holdings (MAI)
Director name: Mr A J McCaffery
Amount sold: 115,000 @ 380.00p
Value: £437,000
Promethean World (PRW)
Director name: Mr Tony Cann
Amount sold: 422,500 @ 73.88p
Value: £312,143
BAE Systems (BA.)
Director name: Mr Ian King
Amount sold: 94,548 @ 304.64p
Value: £288,031
BAE Systems (BA.)
Director name: Mr Ian King
Amount sold: 57,132 @ 305.98p
Value: £174,812
