Geoffrey Bible, a non-executive of drinks giant SAB Miller, has made his second purchase in the last fortnight, buying up a total of 8,950 shares in the firm.
Bible, 74, bought 1,950 shares at £23.157 each on 4 January, and the other 7,000 at £22.7208.
The stock is certainly appealing at the moment, with the share price up 4.52% during 2011 and 5.34% in the last month.
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
Towards the end of December Nomura said it expects Foster's, SABMiller's recently acquired business, to perform well in 2012.
Speaking at the time the broker said: "We believe the company could look 'smart' in a year's time, entering the Australia beer market at the bottom of the cycle during a period of market volatility.
"SAB Miller should also pick up the summer trade plus easy comps in early calendar 2012 owing to poor weather, ensuring a good start for the acquisition."
NR
Top Director Buys
SABMiller (SAB)
Director name: Mr Geoffrey Bible
Amount purchased: 1,950 @ 2,315.70p
Value: £45,156
India Hospitality Corp. (DI) (IHC)
Director name: Mr Jason Ader
Amount purchased: 431,426 @ $0.10
Value: $43,143
India Hospitality Corp. (DI) (IHC)
Director name: Mr Ravi Deol
Amount purchased: 289,055 @ $0.10
Value: $28,906
India Hospitality Corp. (DI) (IHC)
Director name: Mr Sandeep Vyas
Amount purchased: 142,371 @ $0.10
Value: $14,237
Top Director Sells
Goodwin Plc (GDWN)
Director name: Mr Richard S Goodwin
Amount sold: 19,086 @ 1,205.00p
Value: £229,986
Goodwin Plc (GDWN)
Director name: Mr Matthew Stanley Goodwin
Amount sold: 9,543 @ 1,205.00p
Value: £114,993
Goodwin Plc (GDWN)
Director name: Mr Simon R. Goodwin
Amount sold: 9,543 @ 1,205.00p
Value: £114,993
-
-
Pension withdrawals on the rise, HMRC data reveals
Pension withdrawal data has led to some raising concerns over savers ‘raiding’ their pensions unsustainably.
-
ONS: UK economy recovered from pandemic faster than previously thought
Revisions from the ONS showed the UK economy has grown since the pandemic, while the latest data showed GDP grew in the second quarter of 2023.
