Strategic Equity Capital new director buys first shares

20th Feb 2015 16:03

A new non-executive director in Strategic Equity Capital bought his first shares showing confidence in the investment trust group.Richard Locke, who joined the board last week, bought 20,000 shares for 196p each, spending a total of £39,200.The group released its full-year results on Thursday, where it said that despite challenging markets, its net asset value rose 9.66% to 190p.Richard Hills said at the time: "The challenging markets have enabled the Investment Manager to build a good pipeline of potential new investments."Despite the many uncertainties going into 2015, the board believes that the investment manager's selective investment approach will continue to serve the company well."Top Director BuysStrategic Equity Capital (SEC) Director name: Mr Richard LockeAmount purchased: 20,000 @ 196.00p Value: £39,200Volex (VLX) Director name: Mr Daren MorrisAmount purchased: 29,091 @ 65.20p Value: £18,967Ashley House (ASH) Director name: Mr Antony WaltersAmount purchased: 300,000 @ 3.95p Value: £11,850Top Director SellsThere were no sells today.