Director dealings: Mercantile Investment Trust non-exec buys in

7th Jan 2016 15:22

(ShareCast News) - Angus Lennox, a non-executive director of JP Morgan-managed Mercantile Investment Trust, has invested £90,150 of his cash in the grand old dame of the UK trust sector.Former Cazenove investment banker and then a managing director of the investment arm once JP Morgan took over, Lennox on Thursday revealed he had bought 5,000 shares at a price of 1,803p apiece.The Mercantile trust, one of the oldest and largest listed in London, has a diversified portfolio of around 120 medium and smaller UK companies, with its largest 10 holdings recently numbering fresh FTSE 100 entrant DCC, Betfair, Domino's Pizza, B&M European Value Retail, DS Smith and housebuilders Berkeley and Bellway.Since late 2014 the trust's own share price has extended its all-time high from just under 1,300p to more than 1,800p by the end last year, but Lennox seems to think it has plenty further to go.Top Director BuysMercantile Investment Trust (The) (MRC) Director name: Mr Angus Gordon Lennox Amount purchased: 5,000 @ 1,803.00p Value: £90,150Concha (CHA) Director name: Mr Russell John BackhouseAmount purchased: 15,317,227 @ 0.35p Value: £53,610PetroNeft Resources (PTR) Director name: Mr Dennis FrancisAmount purchased: 1,500,000 @ 2.25p Value: £33,750John Laing Group (JLG) Director name: Mr Anne Wade Amount purchased: 10,000 @ 205.00p Value: £20,500Anglo American (AAL) Director name: Mr Jim Rutherford Amount purchased: 5,046 @ 260.00p Value: £13,120Top Director SellsChina Nonferrous Gold Limited (DI) (CNG) Director name: Mr Abuali IsmatovAmount sold: 100,000 @ 24.00p Value: £24,000