Date: Tuesday 19 Jun 2012
LONDON (ShareCast) - John Mogford, an independent non-executive director of engineering giant Weir Group, purchased 3,500 ordinary shares on Monday at 1,454p a pop.
The £50,890 purchase, which took Mogford's total holding in the company to 11,481 shares, came just one day before the company reconfirmed its full-year guidance, saying business is on track.
It now expects full year revenues from its SPM and Mesa businesses to be slightly lower than 2011 and below prior guidance.
However, Weir added that order input in its minerals division was up 18% compared to the previous year and ahead of its expectations.
The firm's owners have seen shares lose a third of their value since February, dropping from around £22 four months ago to £15 now.
The news that business was on track pushed them back up 5% on Tuesday morning to 1,515p.
Top Director Buys
Ruspetro (RPO)
Director name: Mr James Ronald Gordon McBurney
Amount purchased: 40,000 @ 128.50p
Value: £51,400
Quintain Estates & Development (QED)
Director name: Mr Nigel Kempner
Amount purchased: 64,000 @ 38.45p
Value: £24,608
North American Income Trust (The) (NAIT)
Director name: Mr Guy Crawford
Amount purchased: 3,000 @ 654.88p
Value: £19,646
Surface Transforms (SCE)
Director name: Mr Kevin D'Silva
Amount purchased: 134,884 @ 10.75p
Value: £14,500
Surface Transforms (SCE)
Director name: Mr Richard Douglas Gledhill
Amount purchased: 120,930 @ 10.75p
Value: £13,000
Hilton Food Group (HFG)
Director name: Sir David F Naish
Amount purchased: 5,000 @ 242.93p
Value: £12,146
Top Director Sells
Aberdeen Asset Management (ADN)
Director name: Mr Martin J Gilbert
Amount sold: 1,000,000 @ 248.00p
Value: £2,480,000
First Quantum Minerals Ltd. (FQM)
Director name: Mr Martin R Rowley
Amount sold: 50,000 @ 1,169.18p
Value: £584,590
First Quantum Minerals Ltd. (FQM)
Director name: Mr Martin R Rowley
Amount sold: 35,000 @ 1,228.98p
Value: £430,143
Aberdeen Asset Management (ADN)
Director name: Ms Anne Richards
Amount sold: 200,000 @ 245.40p
Value: £490,800
Central Asia Metals (CAML)
Director name: Mr Dr Michael Price
Amount sold: 245,000 @ 78.76p
Value: £192,962
M. P. Evans Group (MPE)
Director name: Mr James Derek Shaw
Amount sold: 5,000 @ 481.00p
Value: £24,050
M. P. Evans Group (MPE)
Director name: Mr James Derek Shaw
Amount sold: 5,000 @ 480.25p
Value: £24,012
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