Goodwin MD ditches 5,000 shares as profits leap

30th Jul 2012 15:29

Richard Goodwin, the Managing Director of Goodwin, sold just over 5,000 shares in the company on Friday, the same day the engineering and steel castings firm reported strong growth in profits.The director traded in the shares at 1,330p a pop, earnings himself £67,404 and reducing his stake to 31,320 shares. The company, which in the 12 months to the end of April increased its pre-tax profits by 51% to £12.3m, chose to restrict its dividend to allow for greater investment. The dividend has been announced at 32.082p per share, a rise of 10% on the previous year, with the Chairman, JW Goodwin, explaining on Friday this caution will help the firm invest create a "much larger" apprentice training pool, expand the foundry and develop two super nickel alloys for use in high temperature gas and steam turbines. Revenues for the full year came in at £107.9m, up 16.15% on the prior year. Top Director BuysOPG Power Ventures (OPG) Director name: Mr Arvind GuptaAmount purchased: 165,000 @ 40.00p Value: £66,000Senior (SNR) Director name: Mr Charles Andrew BerryAmount purchased: 10,000 @ 196.16p Value: £19,616Theo Fennell (TFL) Director name: Mr Rupert N HambroAmount purchased: 150,000 @ 8.25p Value: £12,375Empyrean Energy (EME) Director name: Mr Thomas KellyAmount purchased: 150,000 @ 7.50p Value: £11,250Top Director SellsGoodwin Plc (GDWN) Director name: Mr Richard S GoodwinAmount sold: 5,068 @ 1,330.00p Value: £67,404