inside-analytics.com / Weekly Top 10 European Insider Transactions

12th Jul 2010 09:07

inside-analytics.com / Roundup for the largest European Directors' Dealings for the reporting week from 4 to 11-July-2010 Top 10 Largest Directors' Purchases: 1) CREW GOLD CORP Insider: SEVERSTAL JT STOCK CO Insider Relation: Main shareholder Transaction Date: 6-July-2010 Transaction Volume: 44.746 mln eur Notes: private transaction, OTC Amount of shares bought: 206,000,000 Average buying price: 0.22 eur Last Price vs. buying price: -2.58% 2) SSAB CORP Insider: INDUSTRIVARDEN AB Insider Relation: Public Company Transaction Date: 30-June-2010 Transaction Volume: 35.293 mln eur Notes: Sweden, estimated price Amount of shares bought: 3,180,045 Average buying price: 11.10 eur Last Price vs. buying price: +5.47% 3) ATLANTIA SPA Insider: Benetton, Gilberto Insider Relation: Director Transaction Date: 1 - 15-June-2010 Transaction Volume: 24.225 mln eur Notes: Italian regulated market Amount of shares bought: 1,650,000 Average buying price: 14.68 eur Last Price vs. buying price: +5.71% 4) VOLVO AB Insider: INDUSTRIVARDEN AB Insider Relation: Public Company Transaction Date: 30-June-2010 Transaction Volume: 23.205 mln eur Notes: Sweden, estimated price Amount of shares bought: 2,657,183 Average buying price: 8.73 eur Last Price vs. buying price: +5.28% 5) SKANSKA AB Insider: INDUSTRIVARDEN AB Insider Relation: Public Company Transaction Date: 30-June-2010 Transaction Volume: 17.933 mln eur Notes: Sweden, estimated price Amount of shares bought: 1,504,862 Average buying price: 11.92 eur Last Price vs. buying price: +1.86% 6) SANDVIK AB Insider: INDUSTRIVARDEN AB Insider Relation: Public Company Transaction Date: 30-June-2010 Transaction Volume: 14.553 mln eur Notes: Sweden, estimated price Amount of shares bought: 1,443,655 Average buying price: 10.08 eur Last Price vs. buying price: +1.27% 7) EBRO PULEVA SA Insider: DAMM SA Insider Relation: Public Company Transaction Date: 29-June - 2-July-2010 Transaction Volume: 10.039 mln eur Notes: Bolsa de Madrid Amount of shares bought: 725,000 Average buying price: 13.85 eur Last Price vs. buying price: +0.13% 8) ERAMET Insider: SORAME Insider Relation: Main shareholder Transaction Date: 1 - 2-July-2010 Transaction Volume: 10.012 mln eur Notes: Paris Amount of shares bought: 49,302 Average buying price: 203.08 eur Last Price vs. buying price: +10.30% 9) IMPEXMETAL SA Insider: Name not diclosed Insider Relation: Member of the Supervisory Board Transaction Date: 29 - 30-June-2010 Transaction Volume: 7.596 mln eur Notes: private transaction Amount of shares bought: 15,210,240 Average buying price: 0.50 eur Last Price vs. buying price: +81.39% 10) EVS BROADCAST EQUIPMENT SA Insider: Minguet, Laurent Insider Relation: CEO Transaction Date: 1 - 6-July-2010 Transaction Volume: 7.068 mln eur Notes: OTC, Euronext Brussels Amount of shares bought: 220,000 Average buying price: 32.13 eur Last Price vs. buying price: +10.22% Top 10 Largest Directors' Sells: 1) LANCASHIRE HLDGS Insider: Crestview Partners, LP Insider Relation: Private Equity Firm Transaction Date: 28-June - 2-July-2010 Transaction Volume: 27.091 mln eur Notes: London Amount of shares sold: 4,429,120 Average selling price: 6.12 eur Last Price vs. selling price: +1.63% 2) GRINDEKS Insider: Gavrilovs, Vitalijs Insider Relation: Vice-Chairman Transaction Date: 31-March-2010 Transaction Volume: 12.020 mln eur Notes: private transaction, Riga Stock Exchange Amount of shares sold: 1,082,900 Average selling price: 11.10 eur Last Price vs. selling price: -26.91% 3) IPOPEMA SECURITIES SA Insider: MANCHESTER SECURITIES CORP. Insider Relation: Investment Firm Transaction Date: 1-July-2010 Transaction Volume: 8.747 mln eur Notes: private transaction, estimated price Amount of shares sold: 3,714,280 Average selling price: 2.35 eur Last Price vs. selling price: +27.18% 4) DIAS AQUA CULTURE SA Insider: Pitakas, Stelios Insider Relation: President - CEO Transaction Date: 8-July-2010 Transaction Volume: 4.146 mln eur Notes: ATHEX Amount of shares sold: 1,965,000 Average selling price: 2.11 eur Last Price vs. selling price: -20.38% 5) VT GROUP PLC Insider: Lester, Paul J Insider Relation: CEO Transaction Date: 5-July-2010 Transaction Volume: 2.541 mln eur Notes: London Amount of shares sold: 265,869 Average selling price: 9.56 eur Last Price vs. selling price: -0.64% 6) MENNICA POLSKA SA Insider: Jakubas, Zbigniew Insider Relation: Chairman Transaction Date: 2-July-2010 Transaction Volume: 2.455 mln eur Notes: private transaction, estimated price Amount of shares sold: 79,000 Average selling price: 31.08 eur Last Price vs. selling price: +1.90% 7) NET HOLDING AS Insider: ASYA NET TURIZM SANAYI VE TICARET ANONIM SIRKETI Insider Relation: Main shareholder Transaction Date: 8-July-2010 Transaction Volume: 2.340 mln eur Notes: Istanbul Amount of shares sold: 5,000,000 Average selling price: 0.47 eur Last Price vs. selling price: +0.13% 8) RALLYE Insider: FONCIERE EURIS S.A. Insider Relation: Public Company Transaction Date: 29-June-2010 Transaction Volume: 2.309 mln eur Notes: Paris Amount of shares sold: 92,360 Average selling price: 25.00 eur Last Price vs. selling price: +6.28% 9) ELECTROCARBON SA SLATINA Insider: SIF 5 OLTENIA SA Insider Relation: Public Company Transaction Date: 8-July-2010 Transaction Volume: 2.237 mln eur Notes: private transaction, OTC Amount of shares sold: 3,150,561 Average selling price: 0.71 eur 10) MNI SA Insider: COM. INVESTMENT SP.O.O. Z Insider Relation: Investment Firm Transaction Date: 9-July-2010 Transaction Volume: 2.009 mln eur Notes: private transaction, estimated price Amount of shares sold: 2,402,139 Average selling price: 0.84 eur Last Price vs. selling price: -3.16% About directors (corporate insiders): Typically, directors (insiders) buy on weakness and sell on strength. Empirical evidence shows that directors' purchases tend to outperform the market while directors' sells tend to slightly underperform the market. Under certain circumstances, purchases or sells can lead to a strong price reaction. Directors' deals potentially convey private information to the market that has not already been discounted. In order to evaluate the conviction behind these transactions, 2iQ Research recommends to check the value of the trade, the hierarchical position of the insider, other dealings within the company, and also the news-flow. About 2iQ: 2iQ Research (http://www.2iqresearch.com) specialises in behavioral financial analysis. The company manages a database about directors' dealings (legal insider trading) for professional investors at http://www.inside-analytics.com. About the dealings database (inside-analytics.com): The database coverage totals 35 European countries, including the 15 established EU member states plus Finland, Poland, Switzerland, Norway, Turkey, Malta, Luxembourg, Czech Republic, Slovakia, Cyprus, Estonia, Latvia, Lithuania, Romania, Bulgaria, Hungary, Croatia, Slovenia, Iceland. More European countries will be added as soon as EU members implement the Transparency Directive 2004/109/EU of the European Parliament and of the Council. The site offers standardised data in real time and access to insider dealings across 6,000 companies and 35 European countries. In addition to searches and analysis by sector, country or customisable watch lists and email updates users can access the "Directors' Confidence Index", which is published bi-monthly in cooperation with the Financial Times Germany as "FTD-Insider-Index" - http://www.ftd.de/insider -. It reflects the confidence of European directors in their own shares, making it a valuable source of information for future stock market movements. Academic research proves that directors are excellent market timers. About European Directors' Dealings (EDD): European Directors' Dealings (EDD) is available via CEF real-time data feeds from Deutsche Börse Market Data & Analytics. Customers around the world, including information providers and banks, will be able to receive the consolidated data package in an uniform format and integrate it into their analysis and algorithms. For more information please visit Deutsche Börse website - http://deutsche-boerse.com/EDD Subscribe to this news via RSS-Feed: http://www.inside-analytics.com/rss_feed_en.xml Disclaimer: Stock prices may rise or fall as directors buy or sell company shares. This message is automatically generated by 2iQ Research GmbH, Frankfurt, Germany. 2iQ does not take any responsibility for the accuracy, completeness of this data. For terms of use please check: http://www.inside-analytics.com/terms.html. For this top10 statistics we do exclude transactions by issuers (sharebuybacks), parent companies, subsidiaries and affiliated companies. (END) Dow Jones Newswires July 12, 2010 04:07 ET (08:07 GMT)