Young & Co's retail director sells more than just a few pints

6th Dec 2011 15:57

Patrick Dardis, the retail director at Young & Co's Brewery, can afford to buy more than a round of drinks after selling £29,995-worth of shares. Dardis, who joined the AIM-50 listed firm in 2002, sold off 4,411 shares at 680.00p each, less than two weeks after Young & Co.'s said it has made a very positive start to the second half of the financial year. The company reported that revenue was up 34% at £90.5m during the six months to October, with adjusted profit before tax up 11% to £12.5m. Peel Hunt responded to the interim results by upgrading its full-year profit before tax forecast by 2% to £21.0m, and its earnings per share estimate by 1% to 31.5p. The director has overall responsibility for the operation of the Young's managed estate as well as Young's managed house pub acquisitions and developments. Top Director BuysBlackrock Frontiers Investment Trust (BRFI) Director name: Mr John MurrayAmount purchased: 100,000 @ 75.50p Value: £75,500Findel (FDL) Director name: Mr Tim KowalskiAmount purchased: 1,298,312 @ 3.83p Value: £49,725James Halstead (JHD) Director name: Mr Anthony WildAmount purchased: 2,350 @ 474.28p Value: £11,146Top Director SellsSmiths News (NWS) Director name: Mr Mark CashmoreAmount sold: 65,965 @ 85.08p Value: £56,123Young & Co's Brewery 'A' Shares (YNGA) Director name: Mr Patrick DardisAmount sold: 4,411 @ 680.00p Value: £29,995Smiths News (NWS) Director name: Mr Jonathan BuntingAmount sold: 31,839 @ 85.08p Value: £27,089Smiths News (NWS) Director name: Mr Jonathan BuntingAmount sold: 25,539 @ 85.08p Value: £21,729NR