Travis Perkins chairman shows confidence
A round-up of the biggest director deals today so far.
Travis Perkins chairman Robert Walker has invested nearly £150,000 in the builders' merchants.
He has bought 15,000 shares at 994.75p each, which takes his stake to 80,000 shares.
Walker is also chairman of WH Smith and a non-exec at Tate & Lyle.
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
The share purchase came after Travis Perkins announced that its 2010 Profit jumped by one-fifth as all 11 of its businesses performed better than the market.
Group revenue rose by 8% to £3.2bn, and it was 5% higher on a like-for-like basis. Adjusted profit before tax was £217m, though including exceptional charges the profit fell from £213m to £197m.
There was a strong like-for-like performance in merchanting with a sales increase of 7.%. though the Wickes retail business was more muted with growth of just 0.2%. Travis said it saw market outperformance of around 4% in merchanting and around 6% in retail.
Going forward, like-for-like sales in January were up 22% in merchanting, 8% up in newly acquired plumbing supplies group BSS and 12% in retail. However, the growth has slowed so far in February.
Top Director Buys
Travis Perkins (TPK) Director name: Mr Robert M WalkerAmount purchased: 15,000 @ 994.75p Value: £149,212
RSM Tenon Group (TNO) Director name: Mr Arthur Leonard Robert (Bob) MortonAmount purchased: 250,000 @ 43.00p Value: £107,500
RSM Tenon Group (TNO) Director name: Mr Arthur Leonard Robert (Bob) MortonAmount purchased: 250,000 @ 43.00p Value: £107,500
Marston's (MARS) Director name: Mr Derek AndrewAmount purchased: 100,000 @ 98.30p Value: £98,300
Randall & Quilter Investment Holdings (RQIH) Director name: Mr Paul McNamaraAmount purchased: 100,000 @ 98.00p Value: £98,000
Dunelm Group (DNLM) Director name: Mr Nick WhartonAmount purchased: 17,500 @ 425.76p Value: £74,508
BP (BP.) Director name: Mr Frank L. Bowman Amount purchased: 4,800 @ 487.34p Value: £23,392
British Portfolio Trust (BPO) Director name: Mr Jonathan H CartwrightAmount purchased: 20,000 @ 149.00p Value: £29,800
Randall & Quilter Investment Holdings (RQIH) Director name: Mr Michael SmithAmount purchased: 25,000 @ 98.00p Value: £24,500
Randall & Quilter Investment Holdings (RQIH) Director name: Mr Jo M P WelmanAmount purchased: 17,000 @ 98.00p Value: £16,660
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 does 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
-
Will China thrive during the Year of the Snake - or will Trump’s tariffs bite?
As the Chinese lunar new year begins, investors will be wondering whether allocating to the world’s second-largest economy will “rattle” up some big returns, or whether Trump’s tariffs will take a “venomous bite” out of investment performance
By Ruth Emery Published