Young & Co's retail director sells more than just a few pints

published 6 December 2011

Patrick Dardis, the retail director at Young & Co's Brewery, can afford to buy more than a round of drinks after selling £29,995-worth of shares.

Dardis, who joined the AIM-50 listed firm in 2002, sold off 4,411 shares at 680.00p each, less than two weeks after Young & Co.'s said it has made a very positive start to the second half of the financial year.

The company reported that revenue was up 34% at £90.5m during the six months to October, with adjusted profit before tax up 11% to £12.5m.

MoneyWeek

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

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Peel Hunt responded to the interim results by upgrading its full-year profit before tax forecast by 2% to £21.0m, and its earnings per share estimate by 1% to 31.5p.

The director has overall responsibility for the operation of the Young's managed estate as well as Young's managed house pub acquisitions and developments.

Top Director Buys

Blackrock Frontiers Investment Trust (BRFI)

Director name: Mr John Murray

Amount purchased: 100,000 @ 75.50p

Value: £75,500

Findel (FDL)

Director name: Mr Tim Kowalski

Amount purchased: 1,298,312 @ 3.83p

Value: £49,725

James Halstead (JHD)

Director name: Mr Anthony Wild

Amount purchased: 2,350 @ 474.28p

Value: £11,146

Top Director Sells

Smiths News (NWS)

Director name: Mr Mark Cashmore

Amount sold: 65,965 @ 85.08p

Value: £56,123

Young & Co's Brewery 'A' Shares (YNGA)

Director name: Mr Patrick Dardis

Amount sold: 4,411 @ 680.00p

Value: £29,995

Smiths News (NWS)

Director name: Mr Jonathan Bunting

Amount sold: 31,839 @ 85.08p

Value: £27,089

Smiths News (NWS)

Director name: Mr Jonathan Bunting

Amount sold: 25,539 @ 85.08p

Value: £21,729

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.