WH Irelands buy big again
A round-up of the biggest director deals today so far.
Bosses at the stockbroker WH Ireland have been snapping up more shares in the company, continuing a recent spate of buying.
Chief executive Paul Compton took 150,000 shares and now has about 1.07m, more than 5% of the company. Chairman Rupert Low took 145,000 and has some 1.06m.
They paid 58.5p a share, significantly more than the 50p a time they paid last week when they bought bigger stakes.
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
WH Ireland, which traces its heritage back to the old Manchester stock exchange, made pre-tax loss of £0.3m in the 12 months to November, much less than the £2.1m deficit reported the year before.
Turnover fell 25% to £18.4m, but the new financial year has started well, in line with the firm's internal budget and much better than for the previous year.
"Overall, I would say that the year ended with WH Ireland being in much better shape than it has been in recent years, but it is just the 'end of the beginning' rather than cause for congratulation," boss Compton, who joined the company last year, said.
Top Director Buys
Dialight (DIA) Director name: Mr Roy BurtonAmount purchased: 50,251 @ 775.00p Value: £389,445
W H Ireland Group (WHI) Director name: Mr Christopher Paul Compton Amount purchased: 150,000 @ 58.50p Value: £87,750
W H Ireland Group (WHI) Director name: Mr Rupert J G LoweAmount purchased: 145,000 @ 58.50p Value: £84,825
Unite Group (UTG) Director name: Mr Stuart BeevorAmount purchased: 9,968 @ 214.50p Value: £21,381
Mission Marketing Group (TMMG) Director name: Mr Robert Andrew DayAmount purchased: 75,000 @ 15.00p Value: £11,250
Top Director SellsPetro Matad Ltd. (MATD) Director name: Mr Douglas John McGayAmount sold: 175,000 @ 200.00p Value: £350,000
JD Wetherspoon (JDW) Director name: Mr John HutsonAmount sold: 17,474 @ 420.19p Value: £73,424
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
A junior ISA could turn your child’s pocket money into thousands of pounds
Persuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
By Katie Williams Published
-
Cost of Christmas dinner jumps 6.5% as grocery price inflation rises again
The average Christmas dinner for four now costs £32.57 as grocery price inflation increases - but what does it mean for interest rates?
By Chris Newlands Published