Telford quartet act on optimism
Jun 18, 2009
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Telford Homes shares have rallied in recent weeks as the developer responsible for affordable homes in East London gave a "cautiously optimistic" view of its prospects.
Founder and chief executive Andrew Wiseman has topped up his holding with the purchase of 25,000 shares at 55p. Other directors James Furlong and David Durant bought similar amounts, while non-executive Robert Clarke picked up 40,000.
All four have decent-sized holdings already. Wiseman now owns 2.28m shares in total or 5.89%. Land director Furlong has a 3.35% stake, planning director Durant 3.04% and Clarke 0.42%.
Telford's current optimism is built on the regeneration that will go alongside the 2012 Olympics.
"The regeneration of East London is ongoing, and we are confident in the prospects for the area, particularly as the slow down in open market residential construction will exacerbate the shortage of new housing," Wiseman said with Telford's last figures.
Top Director Buys
IFR Capital (IFR)
Director name: Mr Volkhard Otto Mett
Amount purchased: 3,014,533 @ € 0.13
Value: € 391,889
Business Control Solutions (BCT)
Director name: Mr A Anderson
Amount purchased: 24,300,000 @ 1.50p
Value: £364,500
TVC Holdings (TVCH)
Director name: Mr Shane Reihill
Amount purchased: 550,000 @ 44.37p
Value: £244,035
TVC Holdings (TVCH)
Director name: Mr Shane Reihill
Amount purchased: 500,000 @ 42.51p
Value: £212,550
Twenty (TWE)
Director name: Mr Ian M Lancaster
Amount purchased: 1,778,330 @ 1.60p
Value: £28,453
Ukraine Opportunity Trust (UKRO)
Director name: Mr Anthony Robin Dominic Monro-Davies
Amount purchased: 14,000 @ $2.00
Value: $28,000
Stratic Energy Corporation (SE.)
Director name: Mr John van der Welle
Amount purchased: 123,907 @ 17.80p
Value: £22,055
Telford Homes (TEF)
Director name: Mr Robert Clarke
Amount purchased: 40,000 @ 55.00p
Value: £22,000
HydroDec Group (HYR)
Director name: Mr Neil Gaskell
Amount purchased: 120,000 @ 17.50p
Value: £21,000
Telford Homes (TEF)
Director name: Mr Andrew Wiseman
Amount purchased: 25,000 @ 55.00p
Value: £13,750
Top Director Sells
Victrex (VCT)
Director name: Mr D R Hummel
Amount sold: 50,000 @ 561.00p
Value: £280,500
Ferrexpo (FXPO)
Director name: Mr Michael Abrahams
Amount sold: 18,131 @ 153.00p
Value: £27,740
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