Director dealings: Morgan Sindall founder backs company's regeneration

11th Aug 2016 16:33

(ShareCast News) - Morgan Sindall's co-founder and chief executive, John Morgan, has swooped into the market with a £3.2m purchase of shares to show his confidence in the construction and regeneration group as its shares began to bounce off last month's three-year low.Morgan, who co-founded Morgan Lovell in 1977 and then reversed it into William Sindall Plc in 1994, lifted his stake above 10% in the company by buying 500,000 shares at a price of 640p.In July, Morgan Sindall stock hit 560p, a level not seen since summer 2013, but half-year results this month helped put the shares back on a more even keel, with strong growth as group adjusted profit before tax rose 21%.The firm reported improved cash management, with a continued recovery in Construction & Infrastructure and further growth in Fit Out helping lift profits 21% and cut net debt by almost a third.Top Director BuysMorgan Sindall Group (MGNS)Director name: Morgan,John ChristopherAmount purchased: 500,000 @ 640.00pValue: £3,200,000.05Matchtech Group (MTEC)Director name: Wilkinson,Brian Amount purchased: 47,722 @ 357.00pValue: £170,367.54Ssp Group (SSPG)Director name: Swann,KateAmount purchased: 38 @ 12,492.00pValue: £4,746.96Ssp Group (SSPG)Director name: Davies,JonathanAmount purchased: 38 @ 12,492.00pValue: £4,746.96Foreign And Colonial Inv Trust (FRCL)Director name: Moakes,NicholasAmount purchased: 348 @ 498.99pValue: £1,736.49Schroders (SDR)Director name: Tosato,MassimoAmount purchased: 10 @ 2,702.00pValue: £270.20Schroders (SDR)Director name: Keers,RichardAmount purchased: 8 @ 2,702.00pValue: £216.16Schroders (SDR)Director name: Harrison ,Peter Amount purchased: 7 @ 2,702.00pValue: £189.14Croda International (CRDA)Director name: Foots,Steve Amount purchased: 4 @ 3,370.00pValue: £134.80Croda International (CRDA)Director name: Layden ,Keith Amount purchased: 4 @ 3,370.00pValue: £134.80Meggitt (MGGT)Director name: Young,Stephen GAmount purchased: 27 @ 462.30pValue: £124.82Meggitt (MGGT)Director name: Webb,DougAmount purchased: 27 @ 462.30pValue: £124.82Meggitt (MGGT)Director name: Green,Philip ErnestAmount purchased: 27 @ 462.30pValue: £124.82Sainsbury (j) (SBRY)Director name: Rogers,JohnAmount purchased: 50 @ 234.00pValue: £117.00Firstgroup (FGP)Director name: Barker,MickAmount purchased: 113 @ 102.15pValue: £115.43Top Director SellsSchroders (SDR)Director name: Tosato,MassimoAmount sold: 58,873 @ 2,703.00pValue: £1,591,337.23Scapa Group (SCPA)Director name: Davin,JosephAmount sold: 202,500 @ 255.00pValue: £516,374.99Schroders (SDR)Director name: Tosato,MassimoAmount sold: 6,410 @ 2,703.00pValue: £173,262.30Matchtech Group (MTEC)Director name: Lewis,KeithAmount sold: 14,822 @ 346.00pValue: £51,284.12Matchtech Group (MTEC)Director name: Dyer,TonyAmount sold: 11,895 @ 346.00pValue: £41,156.70Mckay Securities (MCKS)Director name: Salmon,GilesAmount sold: 21,012 @ 187.00pValue: £39,292.44Mckay Securities (MCKS)Director name: Perkins,Simon CAmount sold: 15,208 @ 187.00pValue: £28,438.96Mckay Securities (MCKS)Director name: Mew,Steven RAmount sold: 10,827 @ 187.00pValue: £20,246.49