Travis Perkins Finance Director makes sale
Aug 08, 2012
Paul Hampden Smith, the Finance Director at building merchant Travis Perkins, has sold 51,994 shares at 1,061.00p in the name of his wife, Sarah.
The sale, which earned the director a tidy £551,656 and leaves him with a beneficial interest of 264,698 shares, came less than a fortnight after the firm said pre-tax profit rose 25% in the last six months despite construction being hampered by the wettest three months since records began.
Reported pre-tax profit after exceptional items rose to £162m for the six months ended June 30th compared to £129.2m the same time a year earlier. Group revenue climbed 2.7% to £2.41bn and was down 0.7% on a like-for-like basis.
Travis Perkins said it was confident that it would meet full-year expectations for the 2012 financial performance.
Shares have gained over 47% in the past year, equal to 343.50p, and eight per cent, or 79.50p, in the last month.
Top Director Buys
Mithras Inv Trust (MTH)
Director name: Ms Miriam Greenwood
Amount purchased: 25,000 @ 101.00p
Tomco Energy (TOM)
Director name: Mr Paul Rankine
Amount purchased: 1,295,301 @ 1.54p
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Alliance Trust (ATST)
Director name: Ms Susan Noble
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Top Director Sells
Travis Perkins (TPK)
Director name: Mr Paul N Hampden Smith
Amount sold: 51,994 @ 1,061.00p
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