Tomkins pair show faith
Engineer Tomkins generates around 60% of its sales in the US and concerns about the impact of a US recession have hit the share price hard.
Some respite came today with hefty purchases of shares by chief executive James Nicol and finance director James Zimmerman. Nicol bought just short of £200,000 worth of shares at 153p, while Zimmerman bought £67,000 worth. Nicol now owns 2.23m shares and Zimmerman 272,000.
Last month, Tomkins warned outlook on some of its markets remain challenging as it saw underlying profits fall for the year but added that it was accelerating a restructuring programme to save costs.
Top Director Buys
Tomkins (TOMK)
Director name: Mr James Nicol
Amount purchased: 129,684 @ 153.416p
Value: £198,956
Tomkins (TOMK)
Director name: Mr John Zimmerman
Amount purchased: 43,960 @ 153.416p
Value: £67,442
Canaccord Capital (CCI)
Director name: Mr Paul Reynolds
Amount purchased: 25,000 @ 457.92p
Value: £114,480
Canaccord Capital (CCI)
Director name: Mr Timothy J D Hoare
Amount purchased: 25,000 @ 456.91p
Value: £114,228
LSL Property Services (LSL)
Director name: Mr Simon Embley
Amount purchased: 80,000 @ 130.00p
Value: £104,000
CBG Group (CB.)
Director name: Mr Michael R Askew
Amount purchased: 35,530 @ 152.00p
Value: £54,006
Standard Life European Private Equity Trust (SEP)
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Director name: Mr Clive Sherling
Amount purchased: 20,000 @ 214.50p
Value: £42,900
CBG Group (CB.)
Director name: Mr Martin G Lewis
Amount purchased: 14,870 @ 152.00p
Value: £22,602
Standard Life European Private Equity Trust (SEP)
Director name: Mr Clive Sherling
Amount purchased: 10,000 @ 215.00p
Value: £21,500
Canaccord Capital (CCI)
Director name: Mr Peter MacLachlan Brown
Amount purchased: 2,000 @ 451.40p
Value: £9,028
Top Director Sells
Beazley Group (BEZ)
Director name: Mr Clive Washbourn
Amount sold: 52,416 @ 158.80p
Value: £83,237
Tepnel Life Sciences (TED)
Director name: Mr Don Marvin
Amount sold: 200,000 @ 6.12p
Value: £12,240
Tepnel Life Sciences (TED)
Director name: Mr Don Marvin
Amount sold: 200,000 @ 7.00p
Value: £14,000
