Chairman increases interest in Computacenter
A round-up of the biggest director deals today so far.
A person connected to IT services provider Computatcenter chairman Greg Lock has invested £210,000 in the company.
Rosemary Lock has acquired 50,000 shares at 420p each. That takes Greg Lock's beneficial holding to 400,000 shares.
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Computacenter reported 2010 figures in line with expectations and management expects further improvement this year.
Ongoing revenues grew 11% to £2.68bn, while underlying pre-tax profit was 22% ahead at £66.1m. The total dividend rose from 11p a share to 13.2p a share.
Net cash trebled to £111m at the end of 2010. If financing supplied to customers is included the net cash figure increased from £86.4m to £139.4m.
Broker Panmure Gordon says that the future looks bright for Computacenter and it raised its target price from 436p a share to 484p a share.
Top Director Buys
Computacenter (CCC) Director name: Mr Greg LockAmount purchased: 50,000 @ 420.00p Value: £210,000
Capital & Counties Properties (CAPC) Director name: Mr Henry StauntonAmount purchased: 65,000 @ 163.53p Value: £106,294
F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 120,000 @ 78.18p Value: £93,816
Capital & Counties Properties (CAPC) Director name: Mr Henry StauntonAmount purchased: 35,000 @ 160.51p Value: £56,178
Baronsmead VCT 5 (BAV) Director name: Mr John DaviesAmount purchased: 28,769 @ 72.30p Value: £20,800
RSM Tenon Group (TNO) Director name: Mr Arthur Leonard Robert (Bob) MortonAmount purchased: 51,482 @ 40.00p Value: £20,593
TT Electronics (TTG) Director name: Mr Michael Baunton CBEAmount purchased: 12,500 @ 164.50p Value: £20,562
Centamin Egypt Ltd. (CEY) Director name: Mr Mark ArnesenAmount purchased: 15,000 @ 128.77p Value: £19,316
African Barrick Gold (ABG) Director name: Mr Andre FalzonAmount purchased: 3,000 @ 525.22p Value: £15,757
Baronsmead VCT 5 (BAV) Director name: Ms Gillian NottAmount purchased: 21,576 @ 72.30p Value: £15,599
Top Director Sells
First Quantum Minerals Ltd. (FQM) Director name: Mr Martin R RowleyAmount sold: 50,000 @ 7,563.33p Value: £3,781,665
Spectris (SXS) Director name: Mr Clive WatsonAmount sold: 17,009 @ 1,419.57p Value: £241,455
Spectris (SXS) Director name: Mr Roger StephensAmount sold: 6,730 @ 1,410.12p Value: £94,901
