Abrdn DIversified Income And Growth (ADIG)

Sector:

Investment Firms

Index:

FTSE Small Cap

81.20p
   
  • Change Today:
      0.20p
  • 52 Week High: 87.40p
  • 52 Week Low: 71.20p
  • Currency: UK Pounds
  • Shares Issued: 301.27m
  • Volume: 262,766
  • Market Cap: £244.63m
  • RiskGrade: 97

Melrose Chairman invests 6.6m pounds through share purchase

By Benjamin Chiou

Date: Thursday 27 Jun 2013

LONDON (ShareCast) - Industrial investment conglomerate Melrose saw its long-running Chairman invest over six and a half millions pounds in the company this week.

Harris & Sheldon Investments, an investment company connected with Executive Chairman Christopher Miller, purchased 2.76m shares through three transactions between June 24th and June 26th, spending a total of £6.64m.

Miller, who joined the board back in 2003, now has a holding in Melrose of nearly 17m shares (equal to 1.34% of the issued share capital), 6.8m of which is held by Harris & Sheldon.

The transactions came just a few days after Melrose confirmed the sale of motor manufacturing division Marelli Motori for €212m (£181m), a higher price than analysts were estimating.

In a research report last week, broker Investec pointed out that the sale – combined with other disposals this year – increased the likelihood that Melrose could announce a “sizeable” cash return of around 50p a share, possibly by the end of 2013.

Top Director Buys

Melrose Industries (MRO)
Director name: Mr James Christopher Miller
Amount purchased: 1,651,480 @ 243.31p
Value: £4,018,216

Melrose Industries (MRO)
Director name: Mr James Christopher Miller
Amount purchased: 1,066,975 @ 236.69p
Value: £2,525,530

Liontrust Asset Management (LIO)
Director name: Mr John Stephen Ions
Amount purchased: 59,146 @ 192.50p
Value: £113,856

Melrose Industries (MRO)
Director name: Mr James Christopher Miller
Amount purchased: 41,545 @ 243.71p
Value: £101,249

Liontrust Asset Management (LIO)
Director name: Mr Vinay Kumar Abrol
Amount purchased: 39,602 @ 192.50p
Value: £76,234

Ariana Resources (AAU)
Director name: Mr Michael de Villiers
Amount purchased: 3,636,360 @ 1.00p
Value: £36,364

F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 36,000 @ 94.73p
Value: £34,103

British Assets Trust (BSET)
Director name: Mr James Macleod
Amount purchased: 25,000 @ 125.75p
Value: £31,438

Imagination Technologies Group (IMG)
Director name: Mr David Hurst-Brown
Amount purchased: 10,000 @ 292.40p
Value: £29,240

SimiGon Ltd. (DI) (SIM)
Director name: Mr Alistair Rae
Amount purchased: 36,250 @ 28.00p
Value: £10,150

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ADIG Market Data

Currency UK Pounds
Share Price 81.20p
Change Today 0.20p
% Change 0.25 %
52 Week High 87.40p
52 Week Low 71.20p
Volume 262,766
Shares Issued 301.27m
Market Cap £244.63m
RiskGrade 97

ADIG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.54% above the market average70.54% above the market average70.54% above the market average70.54% above the market average70.54% above the market average
83.16% above the sector average83.16% above the sector average83.16% above the sector average83.16% above the sector average83.16% above the sector average
Price Trend
14.3% below the market average14.3% below the market average14.3% below the market average14.3% below the market average14.3% below the market average
32.93% below the sector average32.93% below the sector average32.93% below the sector average32.93% below the sector average32.93% below the sector average
Income
2.14% above the market average2.14% above the market average2.14% above the market average2.14% above the market average2.14% above the market average
40.81% above the sector average40.81% above the sector average40.81% above the sector average40.81% above the sector average40.81% above the sector average
Growth
90.56% below the market average90.56% below the market average90.56% below the market average90.56% below the market average90.56% below the market average
91.53% below the sector average91.53% below the sector average91.53% below the sector average91.53% below the sector average91.53% below the sector average

ADIG Dividends

  Latest Previous
  Interim Special
Ex-Div 07-Mar-24 02-Nov-23
Paid 27-Mar-24 01-Dec-23
Amount 1.42p 1.65p

Trades for 28-May-2024

Time Volume / Share Price
11:34 3,000 @ 81.99p
11:25 3,800 @ 81.99p
11:01 12 @ 81.99p
10:48 4,040 @ 81.48p
10:16 7,000 @ 81.48p

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