Chief executive Andi Case has sold just over one-quarter of his stake in shipping services company Clarkson. He raised £1.6m and retains a 2.91% stake.
Case joined Clarkson in 2006. Case was awarded 210,000 shares as a deferred bonus in June 2008 at the time he became chief executive. This is part of his remaining stake but the shares do not vest until the third anniversary of the award. Case has to still be employed by Clarkson at that time to receive the shares.
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
Ship broking transaction volumes are being maintained and there are signs of increasing activity in the sale and purchase market. However, lack of credit is hampering purchases of ships.
Analysts forecast 2009 profits just short of £22m and a prospective yield of 5%.
Non-executive director Paul Wogan has bought 5,000 shares at 800p each. This doubles his stake to 10,000 shares. Wogan acquired 5,000 shares in January at 425p each.
Value: £40,000
Value: £21,920
Value: £17,500
Value: £17,250
Value: £1,600,000
Value: £29,600
Value: £28,212
Value: £21,896
-
Average pension pot by region – how do your retirement savings compare?Making sufficient savings for retirement is critical to ensure you can enjoy your later years without too many financial worries, but new data suggests some are saving far more than others. We look at the average pension pot by region.
-
Could colour diamonds add a sparkle to your portfolio?Diamonds of various shades never go out of fashion, says Chris Carter
