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Headlam- top three directors invest £600k BEFORE results
May 15, 2008 in Directors buying, FTSE Small Cap, MEDIUM signal | Tags: Headlam | Leave a comment
I’m astounded. CEO Brewer, Chairman Waldron, and CFO Wilson each bought around £200k in shares at 393p on 13th or 14th May.
Then today, the 15th May, Headlam (HEAD, 396p) announce Interim results. I’m not a regulator or a lawyer, but shouldn’t these guys wait until after the results before buying shares?
Enough said.
Floor coverings, mostly UK, sales up like for like, margin up, positive outlook – IN FLOOR COVERINGS !!
Directors have added to existing positions in Headlam by between 11% and 16%. Not huge, but worth noting. The £200k cost to each of them though is significant.
Headlam is a tiddler covered by only a couple of brokers, so I think the signal generated by director buying is significant.
