Halfords new chairman starts assembling stake
Jun 30, 2009
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Halfords' new chairman Dennis Millard has bought his first shares in the car parts and bicycle retailer, spending more than £45,000.
He bought 15,000 shares at 310p a time.
The company's shares have edged up since last week, when chief executive David Wild took 20,000 shares at 305p a time.
Earlier this month, Halfords upped its dividend after delivering a slightly better than expected 2.4% rise in full-year profits.
Profit before tax and exceptional items for the 52 weeks to 27 March was £92.4m compared with the previous year's £90.2m. Market consensus was for adjusted profit before tax of £91.5m.
Profits rose despite a 0.3% drop in revenue to £794.7m, also better than the expected £790m, with like-for-like sales down by 3.3%.
Millard, who joined the company as chairman on 28 May, is also chairman of newspapers and magazines wholesaler Smiths News.
Top Director Buys
Halfords Group (HFD)
Director name: Mr Dennis H Millard
Amount purchased: 15,000 @ 310.20p
Value: £46,530
Billington Holdings (BILN)
Director name: Mr Peter Kenneth Hems
Amount purchased: 15,000 @ 150.00p
Value: £22,500
DCC (DCC)
Director name: Mr Kevin Melia
Amount purchased: 1,250 @ € 14.85
Value: € 18,562
Portrait Software (PST)
Director name: Mr Paul William Hewitt
Amount purchased: 150,080 @ 10.90p
Value: £16,359
Styles & Wood (STY)
Director name: Mr Paul Mitchell
Amount purchased: 62,020 @ 25.00p
Value: £15,505
Huntsworth (HNT)
Director name: Mr Eugene P. Beard
Amount purchased: 25,000 @ 55.60p
Value: £13,900
Portrait Software (PST)
Director name: Mr Richard Goat
Amount purchased: 122,311 @ 10.90p
Value: £13,332
Turbotec Products (TRBO)
Director name: Mr Robert Lowe
Amount purchased: 50,000 @ 24.00p
Value: £12,000
Turbotec Products (TRBO)
Director name: Mr Sunil Raina
Amount purchased: 50,000 @ 22.00p
Value: £11,000
Northern Venture Trust (NVT)
Director name: Mr Hugh Younger
Amount purchased: 18,000 @ 56.00p
Value: £10,080
Top Director Sells
IPSA Group (IPSA)
Director name: Mr Peter Richard Stephen Earl
Amount sold: 312,500 @ 16.00p
Value: £50,000
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