Goodwin MD ditches 5,000 shares as profits leap
Jul 30, 2012
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Richard Goodwin, the Managing Director of Goodwin, sold just over 5,000 shares in the company on Friday, the same day the engineering and steel castings firm reported strong growth in profits.
The director traded in the shares at 1,330p a pop, earnings himself £67,404 and reducing his stake to 31,320 shares.
The company, which in the 12 months to the end of April increased its pre-tax profits by 51% to £12.3m, chose to restrict its dividend to allow for greater investment.
The dividend has been announced at 32.082p per share, a rise of 10% on the previous year, with the Chairman, JW Goodwin, explaining on Friday this caution will help the firm invest create a "much larger" apprentice training pool, expand the foundry and develop two super nickel alloys for use in high temperature gas and steam turbines.
Revenues for the full year came in at £107.9m, up 16.15% on the prior year.
Top Director Buys
OPG Power Ventures (OPG)
Director name: Mr Arvind Gupta
Amount purchased: 165,000 @ 40.00p
Value: £66,000
Senior (SNR)
Director name: Mr Charles Andrew Berry
Amount purchased: 10,000 @ 196.16p
Value: £19,616
Theo Fennell (TFL)
Director name: Mr Rupert N Hambro
Amount purchased: 150,000 @ 8.25p
Value: £12,375
Empyrean Energy (EME)
Director name: Mr Thomas Kelly
Amount purchased: 150,000 @ 7.50p
Value: £11,250
Top Director Sells
Goodwin Plc (GDWN)
Director name: Mr Richard S Goodwin
Amount sold: 5,068 @ 1,330.00p
Value: £67,404
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