You are currently browsing the daily archive for April 10, 2008.

This is an update on two strong calls.

‘Strong’ because of the extent (number of directors) and size (as % of previously held positions) of director buying.

Severfield Rowen (SFR, 331p) have announced that John Featherstone, a non exec director, has sold almost all his shares, realising £387,000.

This in itself is not a strong sell call, but may signal an opportunity to take profits. SFR are up 26% absolute, and up 25% relative to the FTSE 250 since the original buy signal on January 31st (see the post here).

Enodis (ENO, 224p) yesterday announced an approach from Manitowoc (MTW), possibly as high as 260p (see news here) . In November senior directors bought shares between 166p and 186p. See original post of December 2nd here. Since then Enodis are up 30% absolute, or up 37% relative to the FTSE250.

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