AMEC non-exec doubles stake
A round-up of the biggest director buys today so far.
Colin Day, a non-executive director at AMEC, has doubled his holding in the FTSE 100-listed engineering and project management company.
He bought 10,000 shares at 1,140p a time, paying a total of £114,000 and taking his holding to 20,000.
Day, who joined the board of Amec last year, is the chief executive of the speciality plastic and fibre products supplier Filtrona. A fellow of the Association of Chartered Certified Accountants, he has an MBA from Cranfield School of Management.
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
AMEC has seen an increase in its order book in 2011 and expects the year to be one of steady progress for the group.
In an update last month AMEC said it traded in line with expectations in the first four months of the year. The order book at the end of April stood at £3.25bn, up from £3.14bn at the end of 2010 but down from £3.55bn a year earlier.
Group EBITA (earnings before interest, tax and amortisation) margin this year is expected to remain steady at around 9%.
"We continue to be well positioned across our portfolio of oil and gas, mining, clean energy, and environmental and water sectors and we remain confident that this will support continued growth, building on our strong client relationships," said AMEC chief executive Samir Brikho.
Top Director Buys
Torotrak (TRK) Director name: Mr John WestonAmount purchased: 300,000 @ 48.33p Value: £144,990
Amec (AMEC) Director name: Mr Colin R DayAmount purchased: 10,000 @ 1,140.00p Value: £114,000
MTI Wireless Edge Ltd. (MWE) Director name: Mr Zvi BorovitzAmount purchased: 882,000 @ 11.00p Value: £97,020
Top Director Sells
Computacenter (CCC) Director name: Mr Philip William HulmeAmount sold: 500,000 @ 446.94p Value: £2,234,700
BTG (BGC) Director name: Ms Louise MakinAmount sold: 299,766 @ 274.58p Value: £823,097
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published