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Barratt directors show faith as stock exits FTSE 100

Barratt directors show faith as stock exits FTSE 100

21.12.2007

This genius investor does dizzying levels of research to uncover...Half Price Shares!

On the day the company is ejected from the FTSE 100 index, three Barratt Development directors made a defiant gesture of faith in the long term prospects of the company and topped up their holdings.

Group chief executive Mark Clare made the biggest purchase, splashing out just over £200,000 to buy 45,558 shares at 441.74p each. The purchase takes his holding to 172,726 shares.

Fellow directors Clive Fenton and Steven Boyes bought 6,669 and 6,714 shares respectively, with Fenton paying 446p per share and Boyes 443p.

Top Director Buys

TUI Travel (TT.)

Director name: Mr Peter James Long

Amount purchased: 138,288 @ 270.40p

Value: £373,931

Barratt Developments (BDEV)

Director name: Mr Mark Clare

Amount purchased: 45,558 @ 441.74p

Value: £201,248

TUI Travel (TT.)

Director name: Mr William Waggott

Amount purchased: 73,558 @ 270.40p

Value: £198,901

TUI Travel (TT.)

Director name: Mr Paul Bowtell

Amount purchased: 67,599 @ 270.40p

Value: £182,788

TUI Travel (TT.)

Director name: Mr Johan Lundgren

Amount purchased: 67,431 @ 270.40p

Value: £182,333

TUI Travel (TT.)

Director name: Dr Volker Bottcher

Amount purchased: 60,432 @ 270.40p

Value: £163,408

UTV Media (UTV)

Director name: Mr Roy Bailie

Amount purchased: 60,000 @ 230.00p

Value: £138,000

Morgan Sindall (MGNS)

Director name: Ms Geraldine Gallacher

Amount purchased: 4,772 @ 1,040.00p

Value: £49,629

UTV Media (UTV)

Director name: Mr Scott Taunton

Amount purchased: 17,000 @ 239.00p

Value: £40,630

Rugby Estates (RES)

Director name: Mr John Jackson

Amount purchased: 10,000 @ 405.00p

(Article continues below)

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Value: £40,500

Top Director Sells

Imperial Chemical Industries (ICI)

Director name: Dr John McAdam

Amount sold: 4,935,497 @ 670.00p

Value: £33,067,830

Imperial Chemical Industries (ICI)

Director name: Mr David Hamill

Amount sold: 2,078,704 @ 670.00p

Value: £13,927,317

Imperial Chemical Industries (ICI)

Director name: Mr Alan J Brown

Amount sold: 784,989 @ 670.00p

Value: £5,259,426

Helphire Group (HHR)

Director name: Dr Mark Jackson

Amount sold: 502,000 @ 365.00p

Value: £1,832,300

Pearson (PSON)

Director name: Ms Marjorie Scardino

Amount sold: 102,334 @ 711.25p

Value: £727,851

Pearson (PSON)

Director name: Mr David C M Bell

Amount sold: 40,592 @ 711.25p

Value: £288,711

Pearson (PSON)

Director name: Ms Rona A Fairhead

Amount sold: 40,592 @ 711.25p

Value: £288,711

Pearson (PSON)

Director name: Mr John Makinson

Amount sold: 40,592 @ 711.25p

Value: £288,711

Resolution (RSL)

Director name: Sir R Brian Williamson

Amount sold: 37,777 @ 708.50p

Value: £267,650

Steppe Cement (STCM)

Director name: Mr John Richardson

Amount sold: 60,000 @ 247.00p

Value: £148,200



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FTSE 100 - 06 Jul 08