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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