Huntsworth non-executive director Eugene Beard has taken his spending on the marketing services company's shares in the past year to nearly £186,000.
Beard has bought a further 100,000 shares at 72.91p each. This is the highest price he has paid for the shares in the past year. The lowest buying price was 54.28p a share in June 2009.
Huntsworth has been buying back shares in recent weeks. It has acquired nearly 600,000 shares since the beginning of March. Since the beginning of January 2009, Huntsworth has spent around £4m on share buy backs.
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
Beard is a former director of multinational marketing services company Interpublic Group and Mattel Inc. He joined the Huntsworth board in February 2004.
Huntsworth, which is run by Lord Chadlington the brother of former Conservative minister John Selwyn Gummer, has rationalised its 26 brands into four key brands - Citigate, Grayling, Huntsworth Health and Red - at a cost of £8.8m.
Revenues slipped back from £159.1m to £156.3m, while pre-tax profit dipped from £24m to £23.4m in 2009. Cash flow was strong but acquisitions led to an increase in net debt from £33.5m to £49m.
Profits are expected to recover to around £27m in 2010.
Top Director Buys
Huntsworth (HNT) Director name: Mr Eugene P. BeardAmount purchased: 100,000 @ 72.91p Value: £72,910
Flying Brands (FBDU) Director name: Mr Stephen CookAmount purchased: 35,000 @ 57.00p Value: £19,950
Flying Brands (FBDU) Director name: Mr John HenwoodAmount purchased: 30,000 @ 56.00p Value: £16,800
Flying Brands (FBDU) Director name: Mr Anthony GeeAmount purchased: 20,000 @ 59.00p Value: £11,800
HMV Group (HMV) Director name: Mr Andy DuncanAmount purchased: 12,000 @ 85.00p Value: £10,200
Top Director Sells
Skywest Airlines (SKYW) Director name: Mr Robert Jeffries ChatfieldAmount sold: 1,600,000 @ 21.02p Value: £336,320
Dairy Farm International (Singapore) (DFI) Director name: Mr Howard Leonard MowlemAmount sold: 25,200 @ $7.00 Value: $176,400
Skywest Airlines (SKYW) Director name: Mr John Leonard JostAmount sold: 400,000 @ 21.02p Value: £84,080
General Electric (GEC) Director name: Mr James I Cash JrAmount sold: 4,890 @ € 14.18 Value: € 69,337
KBC Advanced Technologies (KBC) Director name: Mr George BrightAmount sold: 56,813 @ 47.50p Value: £26,986
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
