Directors dealings: Braemar Shipping's chairman shows faith in company

31st Jan 2017 17:02

(ShareCast News) - Braemar Shipping Services chairman David Moorhouse picked up a large number of shares in the firm on 30 January, the company said in a statement. Moorhouse paid a total of £124,364.52 for 49,351 shares in the shipping specialist at an individual price of 252.0p.A week earlier, on 23 January, the company lowered its forecast for underlying operating profits for the year ending 28 February to a range of between £3m to £3.5m - sending the stock to multiyear lows.Braemar said that lower forecast was largely attributable to the technical division and - to a much lesser extent - the freight forwarding element of its logistics business.Its shipbroking division on the other hand, which accounted for the lion's share of its profits, had performed well.Shares in Braemar were 2.69% higher to 248.50p by the close of trading on Tuesday. Top Director BuysBraemar Shipping Services (BMS)Director name: Moorhouse,DavidAmount purchased: 49,351 @ 252.00pValue: £124,364.52Eu Supply (EUSP)Director name: Beergrehn,Thomas BoAmount purchased: 300,000 @ 13.75pValue: £41,250.00Aberdeen Smaller Companies Income Trust (ASCI)Director name: Fletcher,DavidAmount purchased: 40 @ 215.00pValue: £86.00Top Director SellsTiton Holdings (TON)Director name: Anderson,Tyson NeilAmount sold: 28,150 @ 135.00pValue: £38,002.50