Travis Perkins Finance Director makes sale

8th Aug 2012 16:33

Paul Hampden Smith, the Finance Director at building merchant Travis Perkins, has sold 51,994 shares at 1,061.00p in the name of his wife, Sarah. The sale, which earned the director a tidy £551,656 and leaves him with a beneficial interest of 264,698 shares, came less than a fortnight after the firm said pre-tax profit rose 25% in the last six months despite construction being hampered by the wettest three months since records began. Reported pre-tax profit after exceptional items rose to £162m for the six months ended June 30th compared to £129.2m the same time a year earlier. Group revenue climbed 2.7% to £2.41bn and was down 0.7% on a like-for-like basis. Travis Perkins said it was confident that it would meet full-year expectations for the 2012 financial performance. Shares have gained over 47% in the past year, equal to 343.50p, and eight per cent, or 79.50p, in the last month. Top Director BuysMithras Inv Trust (MTH) Director name: Ms Miriam GreenwoodAmount purchased: 25,000 @ 101.00p Value: £25,250Tomco Energy (TOM) Director name: Mr Paul RankineAmount purchased: 1,295,301 @ 1.54p Value: £19,948Synectics (SNX) Director name: Mr John ShepherdAmount purchased: 5,172 @ 290.00p Value: £14,999Alliance Trust (ATST) Director name: Ms Susan Noble Amount purchased: 4,074 @ 365.35p Value: £14,884Top Director SellsTravis Perkins (TPK) Director name: Mr Paul N Hampden SmithAmount sold: 51,994 @ 1,061.00p Value: £551,656NR