LONDON (ShareCast) - The Chief Executive Officer of UK Mail this week celebrated a strong set of results by the mail and parcel courier with the purchase of 75,000 pounds-worth of shares.

Guy Buswell bought 12,195 shares at 615p each, taking his stake in the group to 267,807.

UK Mail's parcel business, which makes up 43% of its revenue, lifted revenue by 16.2% to £219.9m and operating profit by 37.2% to £22.4m as home deliveries related to online shopping partly drove increased volumes.

Its mail business, which contributes 48% of group revenue, increased revenue by 1.5% as it managed to keep customers and win contracts.

Mail volumes increased 2% against a year ago in comparison with an overall declining market as the group beat rivals such as Royal Mail to new work.

Investec raised its forecasts on the group, increasing its pre-tax profit prediction for 2014/15 by 3% to £24m and its earnings per share forecast to 34.6p from 33.5p.

It also confirmed its 'buy' advice with a cashflow-based target price of 700p.


Top Director Buys

Datatec Ltd. (DI) (DTC)
Director name: Mr Jens P Montanana
Amount purchased: 50,570 @ 290.08p
Value: £146,693

Datatec Ltd. (DI) (DTC)
Director name: Mr Petrus Jurgens Myburgh
Amount purchased: 48,500 @ 292.67p
Value: £141,945

UK Mail Group (UKM)
Director name: Mr Guy Buswell
Amount purchased: 12,195 @ 615.00p
Value: £74,999

Blur Group (BLUR)
Director name: Mr Robert James Brooksbank
Amount purchased: 69,000 @ 85.00p
Value: £58,650

Grafton Group Units (GFTU)
Director name: Mr Roderick Ryan
Amount purchased: 10,000 @ 575.00p
Value: £57,500

Development Securities (DSC)
Director name: Mr Michael H Marx
Amount purchased: 20,555 @ 243.50p
Value: £50,051

Blur Group (BLUR)
Director name: Mr David Sherriff
Amount purchased: 44,100 @ 90.00p
Value: £39,690

Netplay TV (NPT)
Director name: Mr Charles A N Butler
Amount purchased: 100,000 @ 15.00p
Value: £15,000

Blackrock Throgmorton Trust (THRG)
Director name: Ms Jean Matterson
Amount purchased: 4,000 @ 284.59p
Value: £11,384


Top Director Sells

Stobart Group Ltd. (STOB)
Director name: Mr Andrew Tinkler
Amount sold: 1,000,000 @ 135.00p
Value: £1,350,000

Walker Greenbank (WGB)
Director name: Mr John Sach
Amount sold: 155,000 @ 183.67p
Value: £284,688

Walker Greenbank (WGB)
Director name: Mr David Harold Smallridge
Amount sold: 108,500 @ 183.67p
Value: £199,282

Standard Chartered (STAN)
Director name: Mr Kurt Michael Campbell
Amount sold: 2,000 @ 1,340.00p
Value: £26,800

NR

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