Xaar Finance Director builds stake after cautioning on growth

28th Mar 2014 15:48

The Finance Director of Xaar Group this week acquired an additional 4,610 shares, boosting his stake by around a tenth. Alex Bevis, who joined the company three years ago, spent 850.61p on each of the shares, spending a total of £39,213. His purchase comes just a week after the group cautioned that growth was likely to be more modest in the current financial year after they last year doubled on the back of strong sales. The group also announced that long-standing Chief Executive Ian Dinwoodie planned to retire in 2015, although he assured investors that the search for a successor had already begun and that he remain fully committed to continuing the development of the company until then.Pre-tax profits jumped 123% to £41.1m, as operating margins strengthened from 21.1% to 30.4% on sales up 55% to £134.1m. Earnings rose 115% to 43.2p and the dividend was doubled to 8p per share.Top Director BuysPrime People (PRP) Director name: Mr John LewisAmount purchased: 109,000 @ 84.03p Value: £91,593Ladbrokes (LAD) Director name: Mr David Martin Amount purchased: 30,000 @ 134.10p Value: £40,230Xaar (XAR) Director name: Mr Alex Bevis Amount purchased: 4,610 @ 850.61p Value: £39,213Berkeley Group Holdings (The) (BKG) Director name: Mr Gregory J FryAmount purchased: 1,200 @ 2,591.40p Value: £31,097Northern Bear (NTBR) Director name: Mr Graham Roy JenningsAmount purchased: 85,714 @ 35.00p Value: £30,000Parity Group (PTY) Director name: Mr Philip E SwinsteadAmount purchased: 108,745 @ 22.75p Value: £24,739Kennedy Ventures (KENV) Director name: Mr Colin WeinbergAmount purchased: 1,810,000 @ 1.25p Value: £22,625Kennedy Ventures (KENV) Director name: Mr Christopher John YatesAmount purchased: 1,720,000 @ 1.25p Value: £21,500Chesnara (CSN) Director name: Mr Graham L KettleboroughAmount purchased: 6,900 @ 301.50p Value: £20,804APC Technology Group (APC) Director name: Mr Mark RobinsonAmount purchased: 37,000 @ 54.00p Value: £19,980Top Director SellsClarkson (CKN) Director name: Mr Jeff WoydaAmount sold: 29,124 @ 2,371.00p Value: £690,530British American Tobacco (BATS) Director name: Mr Ben StevensAmount sold: 11,144 @ 3,250.50p Value: £362,236British American Tobacco (BATS) Director name: Mr Nicandro DuranteAmount sold: 10,370 @ 3,250.50p Value: £337,077TT Electronics (TTG) Director name: Mr Shatish D. DasaniAmount sold: 150,000 @ 215.00p Value: £322,500 Systems (BA.) Director name: Mr Ian KingAmount sold: 49,341 @ 410.20p Value: £202,397Direct Line Insurance Group (DLG) Director name: Mr Paul GeddesAmount sold: 56,441 @ 243.00p Value: £137,152British American Tobacco (BATS) Director name: Mr John DalyAmount sold: 2,805 @ 3,250.50p Value: £91,177Morgan Advanced Materials (MGAM) Director name: Mr Paul Andrew BoultonAmount sold: 23,399 @ 346.20p Value: £81,0074Imprint Group (FOUR) Director name: Mr Andrew ScullAmount sold: 12,000 @ 670.00p Value: £80,400Charles Stanley Group (CAY) Director name: Mr Edward Michael ClarkAmount sold: 4,980 @ 477.00p Value: £23,755NR