Severfield-Rowen FD buys

A round-up of the biggest director deals today so far.

Severfield-Rowen's recently appointed finance director has made his first investment in the structural steel firm.

Alan Dunsmore joined Severfield-Rowen from Smiths Group in March. He has invested £22,400 in 10,000 shares.

Severfield-Rowen says that its order book was worth £241m at the end of April. New orders include structural steelwork for Heathrow's Terminal 2.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up

The company is growing its market share in the UK but export business is hard to come by. Trading is in line with expectations but management expects 2010 to be a tough year.

Steel product prices are rising as raw material costs increase.

Top Director Buys

Bank Of America (BAC) Director name: Mr Charles O. Holliday, JrAmount purchased: 18,728 @ $17.78 Value: $332,984

Bank Of America (BAC) Director name: Mr Virgis W. ColbertAmount purchased: 8,999 @ $17.78 Value: $160,002

Bank Of America (BAC) Director name: Mr D. Paul JonesAmount purchased: 8,998 @ $17.78 Value: $159,984

Bank Of America (BAC) Director name: Mr Robert W. Scully Amount purchased: 8,998 @ $17.78 Value: $159,984

Bank Of America (BAC) Director name: Mr Susan S. BiesAmount purchased: 8,998 @ $17.78 Value: $159,984

Bank Of America (BAC) Director name: Mr William P. BoardmanAmount purchased: 8,998 @ $17.78 Value: $159,984

Severfield-Rowen (SFR) Director name: Mr Alan DunsmoreAmount purchased: 10,000 @ 224.00p Value: £22,400

CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 4,335 @ 490.00p Value: £21,242