From November 2007 to September 2008, directors of TT Electronics (TTG, 45p, Small Cap)  bought roughly 200,000 shares.

In October 2008 the activity accelerated, with five of the groups seven directors buying over 1.3m shares.

The directors dealing activity exhibited other favourable characteristics such as a significant % increase in shareholdings of the directors who bought shares.

John Newman, Chairman, bought 1.25m shares at 47p taking his holding to 10.8m shares.

Shatish Dasani, CFO, bought 35,000 shares at 48p, taking his holding to 100,000 shares.

Sean Watson, a non executive director, bought 55,000 shares at 46p, taking his holding to 62,000 shares.

David Crowther, another non exec, bought 20,000 shares at 47p, taking his holding to 40,000 shares.

James Armstrong, the Corporate Development Director, bought 21,000 shares at 44p, taking his holding to 71,000 shares.

TT make sensors and systems for the defence, aerospace, automotive markets, as well as telecoms and industrial electronics (company website). 

This rings a bell to remind us of the aggressive directors buying in the engineering stocks (see ’25 directors buy shares in UK engineering companies‘ October 28th followthedirectors.co.uk)           ).

Next news? With a December year end, we may see a pre close statement in the week before Christmas.

View on TT Electronics: POSITIVE- Directors buying shares

Strength of Signal : STRONG– Five directors buying, average incraese in position above 50%, in the region of GBP 500k invested, potential good (reassuring might be more appropriate in these times) news ahead.