I’m intrigued.
Galiform (GFRM, 71p) own Howdens Joinery, which supplies kitchens and joinery products to the building trade.
In a week of turmoil in the UK housebuilding industry prompted by Persimmon warning they would stop building new homes, I find that the CFO of Galiform, Mark Robson, makes his first purchase of shares since he joined the board in 2005.
Robson on April 15th bought 132,000 shares at 77 1/2 p, investing £102,000.
As a result Galiform goes on the watch list.
Addendum May 1st : I’m no longer intrigued. Stock is up 7% today on results better than the market anticipated. See reuters comment here.
followthedirectors... a study of directors share dealings 
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April 8, 2009 at 9:11 pm
Galiform (GFRM) CEO and CFO increase stakes substantially « followthedirectors… a study of directors share dealings
[…] I got this one completely wrong in April last year, when Robson bought 132,000 shares at 77p. The stock is down 73% since then, a relative underperformance of 33% (see ‘Housebuilders at a standstill, but galiform directors buying’). […]