Where in the Retail sector do you see the CEO doubling his position and raising the interim dividend by 12% at what we must all see as times of great uncertainty for consumer spending in the UK.
Patrick Jolly was a non exec of Findel (FDL, 598p), previously known as Fine Art Developments, for five years. Jolly, now CEO as of May 2006, is clearly very confident having just last week announced outstanding interim results, and sees the level of Findels share price as an opportunity.
Jolly paid 585p for 25,000 shares on Monday.
The outgoing CEO Tony Johnson, has been selling down his holdings (presumably accumulated over his 16 year career at the firm), raising almost £1.9m when the share price was at 745p in May this year.
I think Findel goes on the buy list as a result of Jollys confidence. I wouldn’t be surprised to see other purchases from Jolly and his merry crew on any further weakness in the stock price.
See www.findel.co.uk for the Interim results.
followthedirectors... a study of directors share dealings 
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April 28, 2008 at 12:57 am
Bill Brotherston
From what you said only in this December post above, I assume we’ll see Mr Jolly and his merry men making more purchases on the further weakening of their share price?? I mean, at 270p now, it must be considered a bargain. You sure “have your finger on the pulse”.
May 20, 2008 at 4:17 pm
Findel- timing is everything « followthedirectors… a study of directors share dealings
[…] Patrick Jollys lone purchase of 25,000 shares at 585p in Findel (FDL, 280p) (see my December article here). Since then the retailing economy in the UK has turned down, and Findel warned about an increase […]