Since six directors of Severfield Rowen (SFR, 320p) piled into the stock in January taking advantage of a collapse in the share price, the stock is up 30% both on an absolute basis, and against the FTSE Small Cap index.

Results yesterday (see Tempus comment here), accompanied by more director buying, have sent the stock higher again today. Non exec David Ridley bought 20,000 shares yesterday at 306p, taking his holding to 72,000 shares.

The purpose of this post is to remind you of the strength of the signal that the directors sent to the market back in January (see post here), so that next time it happens both you and I will pay closer attention.

6 directors (out of a board of 11) had increased their holdings by between 50% and 200%!!