Home
Investment
News & Views
Company News
news storage
Local Shopping purchase for Gregory
Wed, 08 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
Local Shopping purchase for Gregory
Thu, 11 Feb 2010, 17:16:00
Nicholas Gregory, the joint chief executive of real estate investment trust <b>Local Shopping REIT</b>, has followed a colleague in acquiring shares following Tuesday's interim management statement for the four months to January 2010. Gregory bought 25,000 shares at 62p each today. Joint chief executive Mike Riley bought 25,000 shares yesterday and managed to secure them for 61p each. Both men own 600,000 shares each. Local Shopping REIT published an adjusted net asset value of 77p a share for the end of September 2009. Management says that it believes that valuations have risen in the subsequent four month period. The market value of the portfolio was £174.4m at the end of September 2009, while the annual rent roll was £15.5m. Net debt was £113.7m. Since September, 10 properties have been sold for £2.41m and seven acquired for £1.56m. The company still has £60m of unused facilities. Local Shopping REIT is talking to banks about helping them with distressed property situations. Gregory and Riley worked together at Castlemore Securities before setting up Local Shopping REIT in January 2005 and the company floated on 2 May 2007. <b>Top Director Buys</b> China Biodiesel International (CBI) Director name: Mr Huodong Ye Amount purchased: 860,875 @ 10.00p Value: £86,088 Proactis (PHD) Director name: Mr Alan John Aubrey Amount purchased: 215,000 @ 28.00p Value: £60,200 Local Shopping REIT (LSR) Director name: Mr Nicholas Gregory Amount purchased: 25,000 @ 62.00p Value: £15,500 <b>Top Director Sells</b> ARM Holdings (ARM) Director name: Mr Tim Score Amount sold: 423,887 @ 198.07p Value: £839,593 ARM Holdings (ARM) Director name: Mr Warren East Amount sold: 400,000 @ 198.28p Value: £793,120 ARM Holdings (ARM) Director name: Mr Tim Score Amount sold: 320,000 @ 198.84p Value: £636,288 ARM Holdings (ARM) Director name: Mr Warren East Amount sold: 296,000 @ 198.47p Value: £587,471 ARM Holdings (ARM) Director name: Mr Warren East Amount sold: 241,434 @ 201.34p Value: £486,103 ARM Holdings (ARM) Director name: Mr Mike Inglis Amount sold: 211,095 @ 199.80p Value: £421,768 ARM Holdings (ARM) Director name: Mr Tim Score Amount sold: 204,760 @ 201.34p Value: £412,264 ARM Holdings (ARM) Director name: Mr Tim Score Amount sold: 200,000 @ 199.26p Value: £398,520 ARM Holdings (ARM) Director name: Mr Graham Budd Amount sold: 194,895 @ 199.00p Value: £387,841 ARM Holdings (ARM) Director name: Mr Tudor Brown Amount sold: 168,087 @ 201.34p Value: £338,426
©2004-2009 QCK.com
