Directors dealings: Breedon scoops up some shares

14th Jun 2016 15:51

(ShareCast News) - Breedon Aggregates's boss moved to show faith in the company's prospects as the Brexit-related uncertainty takes its inevitable toll on economic activity in the UK and the country's construction sector.Pat Ward, who took over as company chief executive on 8 March, is looking to close the acquisition of Hope Construction Materials for £336m to create Britain's leading independent producer of cement, according to the company.Ward shelled out 66.5p for each Breedon share that he bought, for a total outlay of £33,250.On 9 March, the firm posted a 18.1% jump in full-year revenues to reach £318.5m as profits before tax sped ahead by 46.4% to £31.3m."Details of the upside from the enlarged group is required to justify a re-rating from here given the relatively high valuation already in place," Numis analysts Howward Seymour, Chris Millington and Christen Hjorth said in a research note sent to clients later that same day.Top Director BuysGlobalworth Real Estate Investments Limited (GWI)Director name: Alroy,Eli Amount purchased: 10,000 @ € 5.05Value: € 50,500.00Intelligent Energy Holdings (IEH)Director name: Heiden,PaulAmount purchased: 375,441 @ 13.25pValue: £49,745.93Roxi Petroleum (RXP)Director name: Limerick,Edmund Amount purchased: 500,000 @ 9.80pValue: £49,000.00Breedon Aggregates Ltd. (BREE)Director name: Ward,PatAmount purchased: 50,000 @ 66.50pValue: £33,250.00Young & Co's Brewery 'a' Shares (YNGA)Director name: Goodyear,StephenAmount purchased: 11,099 @ 12.50pValue: £1,387.38Young & Co's Brewery 'a' Shares (YNGA)Director name: Dardis,PatrickAmount purchased: 7,747 @ 12.50pValue: £968.38Young & Co's Brewery 'a' Shares (YNGA)Director name: Sligo-Young,TorquilAmount purchased: 7,442 @ 12.50pValue: £930.25Young & Co's Brewery 'a' Shares (YNGA)Director name: Sligo-Young,TorquilAmount purchased: 5,214 @ 12.50pValue: £651.75Zotefoams (ZTF)Director name: McGrath ,Gary Amount purchased: 51 @ 294.05pValue: £149.97Zotefoams (ZTF)Director name: Stirling,DavidAmount purchased: 51 @ 294.05pValue: £149.97