Brammer bosses buy into placing

Brammer's chief executive Ian Fraser and finance boss Paul Thwaite have together spent nearly £100,000 on shares in the distributor of motors, gearboxes, sprockets and other industrial products.

They both took 20,833 shares at 240p a time. Fraser now has 1,365,876 shares, or about 1.2% of the company, and Thwaite has 951,619.

The shares were bought as part of a placing announced earlier this month, to fund the acquisition of the business and assets of Buck & Hickman, a distributor of industrial products from building materials provider Travis Perkins.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

Top Director Buys

Mountview Estate (MTVW) Director name: Mr Duncan M SinclairAmount purchased: 2,500 @ 4,050.00p Value: £101,250

Brammer (BRAM) Director name: Mr Ian FraserAmount purchased: 20,833 @ 240.00p Value: £49,999

Brammer (BRAM) Director name: Mr Paul ThwaiteAmount purchased: 20,833 @ 240.00p Value: £49,999

Huntsworth (HNT) Director name: Mr Colin R AdamsAmount purchased: 45,000 @ 58.50p Value: £26,325

Stadium Group (SDM) Director name: Mr Nick P BrayshawAmount purchased: 15,000 @ 68.00p Value: £10,200

Top Director Sells

Discovery Metals Ltd. (CDI) (DME) Director name: Mr Ribson Champion GabonoweAmount sold: 300,000 @ 94.89p Value: £284,670