Stobart's Alan Kelsey jumps aboard

published 8 June 2011

New Stobart director Alan Kelsey has wasted no time opening his account with the logistics giant, spending nearly £77,000 on shares.He took 55,000 shares at just under 140p a time.Kelsey, 62, joined Stobart last month. He has been corporate development director at the rail and bus group National Express and a director at PD Ports, which operates ports at Hartlepool and on the Isle of Wight.Stobart is best known for its iconic Eddie Stobart trucks, but also operates ports and Southend Airport in Essex.The company reported annual results last month. Revenue topped the half billion pounds mark but underlying profits at the logistics firm eased a tad in a year characterised by a tough operating environment. "These results are largely due to the ongoing strength of our transport and distribution business, significant new business wins and tight cost control," said Andrew Tinkler, Stobart's chief executive officer. Tinkler added that the figures were in line with management's expectations.The final dividend of 4p took the full year pay-out to 6.0p, a tenth of a penny lower than the market had been expecting, and unchanged from last year.Top Director BuysBurberry Group (BRBY) Director name: Ms Angela AhrendtsAmount purchased: 71,558 @ 1,318.89p Value: £943,771Burberry Group (BRBY) Director name: Ms Stacey CartwrightAmount purchased: 31,171 @ 1,318.89p Value: £411,111Lowland Investment Co (LWI) Director name: Mr Robert RobertsonAmount purchased: 9,400 @ 884.50p Value: £83,143Stobart Group Ltd. (STOB) Director name: Mr Alan H M KelseyAmount purchased: 55,500 @ 137.93p Value: £76,551Rolls-Royce Group (RR.) Director name: Mr John NeillAmount purchased: 10,000 @ 624.38p Value: £62,438Kofax (KFX) Director name: Mr Christopher J ConwayAmount purchased: 10,000 @ 485.00p Value: £48,500Douglasbay Capital (DBAY) Director name: Mr Alistair BoydAmount purchased: 120,000 @ 16.12p Value: £19,344Telit Communications (TCM) Director name: Mr Oozi CatsAmount purchased: 20,000 @ 85.00p Value: £17,000Top Director SellsBurberry Group (BRBY) Director name: Ms Angela AhrendtsAmount sold: 416,086 @ 1,318.24p Value: £5,485,012Burberry Group (BRBY) Director name: Ms Stacey CartwrightAmount sold: 185,036 @ 1,318.24p Value: £2,439,219Burberry Group (BRBY) Director name: Ms Angela AhrendtsAmount sold: 135,434 @ 1,318.24p Value: £1,785,345Anglo American (AAL) Director name: Mr Rene MedoriAmount sold: 15,000 @ 3,000.17p Value: £450,026Telit Communications (TCM) Director name: Mr Alexander SatorAmount sold: 336,000 @ 96.00p Value: £322,560Frenkel Topping Group (FEN) Director name: Mr Richard FraserAmount sold: 667,640 @ 13.50p Value: £90,131