Home
Investment
News & Views
Company News
news storage
Victrex chief's charitable foundation sells
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
Victrex chief's charitable foundation sells
Wed, 2 Jun 2010, 16:09:00
<b>Victrex</b> chief executive David Hummel's charitable foundation has raised £513,000 from selling shares in the thermoplastic polymers manufacturer. Hummel is a trustee of The Hummingbird Foundation Inc which sold 50,000 shares at £10.27 each. This is a regular sale. In each of December 2009 and June 2009, The Hummingbird Foundation sold 50,000 shares. It received 796p a share in last December and 561p a share one year ago. This indicates just how well the Victrex share price has performed over the past year. Victrex increased underlying revenue by more than one-third in the six months to March 2010, while underlying pre-tax profit improved from £21.1m to £31.8m. Broker KBC Peel Hunt edged up its profit forecast for 2009-10 to £75m, or 64.6p a share. The 2010-11 profit forecast was increased by 12% to £90m, or 77.6p a share. The broker set a target price of £12 a share. The business is cash generative and net cash is £52.1m. <b>Top Director Buys</b> Ted Baker (TBK) Director name: Mr Lindsay D Page Amount purchased: 225,000 @ 506.00p Value: £1,138,500 Tristel (TSTL) Director name: Mr Francisco Angel Soler Amount purchased: 200,000 @ 51.50p Value: £103,000 Deo Petroleum (DEO) Director name: Mr David Marshall Amount purchased: 641,100 @ 13.00p Value: £83,343 Henderson Group (HGG) Director name: Ms Shirley Garrood Amount purchased: 50,249 @ 131.22p Value: £65,937 Deo Petroleum (DEO) Director name: Mr Gregor John Goodwin Amount purchased: 384,700 @ 13.00p Value: £50,011 Mid Wynd International Inv Trust (MWY) Director name: Mr Russell Napier Amount purchased: 5,000 @ 945.00p Value: £47,250 PayPoint (PAY) Director name: Mr Dominic Taylor Amount purchased: 16,150 @ 287.66p Value: £46,457 PayPoint (PAY) Director name: Mr George Earle Amount purchased: 12,224 @ 287.66p Value: £35,164 Deo Petroleum (DEO) Director name: Mr Kevin Burke Amount purchased: 128,200 @ 13.00p Value: £16,666 TR Property Inv Trust Sigma Shares (TRYS) Director name: Mr Peter Wolton Amount purchased: 25,000 @ 61.41p Value: £15,352 <b>Top Director Sells</b> Reckitt Benckiser Group (RB.) Director name: Mr Bart Becht Amount sold: 200,000 @ 3,250.64p Value: £6,501,280 Pacific Alliance Asia Opportunity Fund Ltd. (PAX) Director name: Mr Robert C Knapp Amount sold: 3,379,956 @ $1.13 Value: $3,832,870 Ted Baker (TBK) Director name: Mr Lindsay D Page Amount sold: 250,000 @ 504.00p Value: £1,260,000 Dairy Farm International (Singapore) (DFI) Director name: Mr Howard Leonard Mowlem Amount sold: 150,200 @ $6.30 Value: $946,681 Victrex (VCT) Director name: Mr D R Hummel Amount sold: 50,000 @ 1,027.00p Value: £513,500 F&C Asset Management (FCAM) Director name: Mr Alain Grisay Amount sold: 650,000 @ 61.01p Value: £396,500 Tristel (TSTL) Director name: Mr Paul Christopher Swinney Amount sold: 200,000 @ 51.50p Value: £103,000 F&C Asset Management (FCAM) Director name: Mr David Logan Amount sold: 100,000 @ 61.01p Value: £61,000 Iomart (IOM) Director name: Mr Sarah Haran Amount sold: 100,000 @ 57.00p Value: £57,000 Henderson Group (HGG) Director name: Mr Andrew Formica Amount sold: 36,834 @ 131.22p Value: £48,334
©2004-2009 QCK.com
