Berendsen Chairman tops up stake after solid results

28th Aug 2012 16:22

Iain Ferguson, the Chairman of work-wear and wash-room facilities provider Berendsen, bought up 10,000 shares on Friday, the same day it posted a six per cent rise in adjusted pre-tax profit for the first half of 2012. Ferguson purchased the shares at 520.5p for a total £52,050, bringing his total holding in the firm to 110,000. The firm announced on Friday that profit before tax rose to £39.6m from £30.4m the year before on revenue that eased to £488.2m from £495.9m, although on an underlying basis (excluding acquisitions and currency effects) revenue rose 2%. Adjusted profit before tax, which excludes one-off items, rose 6% to £51.5m from £48.4m in the corresponding period of last year. Earnings per share improved to 17.1p from 12.9p in the first half of 2011. "The board expects first half trading trends to continue for the balance of 2012, resulting in good year on year progress in line with our expectations," Ferguson said on Friday. Top Director BuysEnergy XXI (Bermuda) (Di) (EXXI) Director name: Mr John Daniel Schiller JrAmount purchased: 3,000 @ $33.16 Value: $99,480Canaccord Financial Inc. (CF.) Director name: Mr Paul ReynoldsAmount purchased: 14,500 @ 305.64p Value: £44,318Berendsen (BRSN) Director name: Mr Iain FergusonAmount purchased: 10,000 @ 520.50p Value: £52,050Ortac Resources Ltd. (DI) (OTC) Director name: Mr Anthony BalmeAmount purchased: 4,000,000 @ 0.50p Value: £20,000North Midland Construction (NMD) Director name: Mr Robert MoyleAmount purchased: 11,500 @ 130.00p Value: £14,950Tangent Communications (TNG) Director name: Mr David Steyn Amount purchased: 150,853 @ 7.43p Value: £11,2084Imprint Group (FOUR) Director name: Ms Gillian DaviesAmount purchased: 3,500 @ 306.00p Value: £10,710Top Director SellsMedgenics Inc. (Reg S) (MEDG) Director name: Mr Stephen D McMurrayAmount sold: 10,935 @ 790.64p Value: £86,456