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The week ahead: ARM, CPG, MSY, AMEC, CKSN, III, GFRM, ENO

I’m going to start to look more closely at using recent director dealing activity as a signal ahead of news. (I’m unsure about the reliability of what is essentially a long term signal being used as a forecast for short term movements in share prices. We’ll see how it goes shall we.) All stocks listed […]

Update: Severfield Rowen (directors share sale) and Enodis (bid approach)

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 […]

You’d like a new kitchen? Follow Enodis directors then

Enodis (ENO, 172.5p) is a nice little mover, and not new to bid rumours. Its directors seem to consistently take advantage of any setbacks in the share price. To see if a pattern has been established, let’s go back a couple of years, to January 2006: Jan ’06- Mike Cronk (non exec) and David McCulloch […]

Heritage Oil (HOIL)- positive drilling update, asset disposal, stock up 80% relative.

‘Heritage Oil (HOIL 337p) gushed 26¾p to 338p following a positive drilling update from the Kurdistan region of Iraq. It is the first-ever well to be drilled on the Miran licence in the region and testing is anticipated to take up to one month to complete’ (thisismoney.co.uk, market report 25 march 2009) Oman holdings sold […]

Non execs make better investors – by far

Directors share performances We’ve analysed the share performance of all transactions commented on on this website. That totals  comments on more than 100 company transactions, and over 350 transactions by individual directors, both executive and non exec, from November 2007 to February 2009. If you had followed transactions by executive directors, where they were not […]

Close Experian long with 50% relative outperformance

In December last year I interpreted directors buying activity in Experian (EXPN, 425p) as a STRONG signal due to the number of directors buying, their positions in the group, and the amount of capital committed to the investment. (Followthedirectors December 10th: ‘Arredondo, non exec, adds to Experian holding’) On Tuesday December 16th we saw the […]

Dana Petroleum – CEO invests at 853p having sold at 1886p in June.

Only last week, October 15th, followthedirectors wrote ‘Technical director thinks DANA Petroleum undervalued‘. One day later. the CEO Tom Cross, and one of the non executive directors Philip Dayer, also bought shares in Dana Petroleum (DNX, 831p). Non exec Philip Dayer bought 5787 shares at 864p, taking his holding to 9387 shares. CEO Cross bought 43490 […]

Xstrata non execs catch a falling knife by buying shares.

Two non execs have decided enough’s enough, and ‘caught the falling knife’ by buying shares in Xstrata (XTA, 1310p). Ian Strachan on October 2nd bought 5700 shares at GBP 17.19, investing GBP 97k and increasing his holding by over 60%. His colleague Claude Lamoureux on October 9th bought 4000 shares at GBP 13.78, investing GBP […]

Which ports to head for in a storm: Yield and Security of assets

In a week of severe stock market turbulence I come back from a week away to see swirling whirlpools stirred by uncertainty and panic. So the question has to be: What do you and I do now? I have three key memories that keep resurfacing which I want to share with you: 1. Yield. When I started my […]

Fiberweb buying continues – directors treble holdings over last four months

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 […]