Home
Investment
News & Views
Company News
news storage
Hardy boss adds to holding
Tue, 07 Feb, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Hardy boss adds to holding
Fri, 6 Aug 2010, 15:59:00
<b>Hardy Underwriting</b> chief executive Barbara Merry has bought shares following the insurer's interim figures. Merry bought 11,500 shares at 229.4p each just over four months since she sold 25,260 shares at 290p each. Merry owns 585,189 shares. Underwriting director Adrian Walker and non-exec Allan Dunkle also bought shares. Walker, who also sold shares at the end of March, bought 8,500 shares at 238.2p each, taking his stake to 394,091 shares. Dunkle acquired 10,000 shares at 245p each. He owns 17,000 shares. Hardy posted an interim profit despite a big jump in claims in the half year to June 2010. Profits fell heavily to £0.8m from £7.8m as the combined ratio soared to 101.7% from 71.4%, indicating an underwriting loss, as Hardy bore a string of catastrophe losses. Gross premiums rose to £155.9m, from £149.9m. NAV rose to 257p a share from 247p a share and the interim dividend goes up to 4.4p a share. <b>Top Director Buys</b> Hardy Underwriting (HDU) Director name: Barbara Merry Amount purchased: 11,500 @ 229.40p Value: £26,381 Hardy Underwriting (HDU) Director name: Allan Dunkle Amount purchased: 10,000 @ 245.00p Value: £24,500 Advanced Power Components (APC) Director name: Phillip J Lancaster Amount purchased: 240,000 @ 10.00p Value: £24,000 Hardy Underwriting (HDU) Director name: Adrian Walker Amount purchased: 8,500 @ 238.20p Value: £20,257
©2004-2009 QCK.com
