It was announced yesterday that John Juric, a PDMR [senior manager] of Fiberweb (FWEB, 52p), had on September 8th invested GBP 52,000 by buying 100,000 shares at between 52p and 52.2p.

This led me to review recent director buying at Fiberweb. Directors of the group have trebled their positions in Fiberweb by buying over 1.2 million shares in the last four months, at prices between 43p and 45.6p.

Fiberweb was spun off from BBA Group in late 2006, initially trading at 167p before moving to a high of 226p in February 2007. It wasn’t until the share price had retreated to 56p in October 2007 that a majority of directors started to buy.

I have suggested in past comments that these ‘signals’ from directors buying remind me of Enodis and EMAP, where, following a collapse in takeover talks, directors aggressively bought shares in their own company.

Signal strength for director dealing activity in Fiberweb remains ‘STRONG’

For my previous comments on Fiberweb ‘Directors buying, cost cutting, possible takeover target’, and ‘Directors pile in after takeover talks collapse’ click link here.

To access a Reuters profile of Fiberweb see here.

Enodis commentary here.

EMAP commentary here.

Disclosure: I have a position in Fiberweb.