Chemring Chairman stocks up

Jan 31, 2012

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Peter Hickson, Chairman of Chemring, the military equipment maker, has treated himself to £94,475-worth of shares in the firm.

Hickson, who joined the group in mid-2011, bought up 25,000 shares at 377.9p each.

On January 24th the company reported a rise in both revenues and profits during 2011 despite cutbacks in defence spending in its biggest markets.

However, a statement from FinnCap last week suggested the results were somewhat lower than its forecasts and also below the market's estimates. The broker also said that the statement included a "fairly lacklustre outlook" regarding NATO spending.

Speaking at the time, Hickson said: "The continuing problems of the Eurozone and the impact of possible sequestration in the US indicate that our traditional markets will not be any easier this year."

The firm has lost over 40% on its share price over the past year, but gained 1.53% to 385.7p by 16:27 today.

Top Director Buys

Kirkland Lake Gold Inc. (KGI)

Director name: Mr John Sidney Thomson

Amount purchased: 6,600 @ 1,122.01p

Value: £74,053

Chemring Group (CHG)

Director name: Mr Peter Hickson

Amount purchased: 25,000 @ 377.90p

Value: £94,475

Kingspan Group (KGP)

Director name: Ms Helen Kirkpatrick

Amount purchased: 8,489 @ €6.20

Value: € 52,632

Hiwave Technologies (HIW)

Director name: Mr James Lewis

Amount purchased: 1,485,215 @ 2.48p

Value: £36,833

Hiwave Technologies (HIW)

Director name: Mr James Lewis

Amount purchased: 936,000 @ 2.50p

Value: £23,400

Absolute Return Trust Ltd. GBP Shares (ABR)

Director name: Mr Andrew Sykes

Amount purchased: 10,467 @ 109.75p

Value: £11,488

Top Director Sells

Kirkland Lake Gold Inc. (KGI)

Director name: Mr John Sidney Thomson

Amount sold: 70,600 @ 1,092.18p

Value: £771,079

Grainger (GRI)

Director name: Mr Andrew R Cunningham

Amount sold: 78,000 @ 102.48p

Value: £79,934

Grainger (GRI)

Director name: Mr Peter Couch

Amount sold: 43,200 @ 98.20p

Value: £42,422

NR

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