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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 […]

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 […]

Fiberweb directors pile in after takeover talks collapse

This reminds me a little of EMI and Enodis, where takeover talks failed, directors piled in, then the takeover talks were resumed, this time successfully. Fiberweb (FWEB, 51p) however is tiny, with just a £60m market cap. Takeover talks collapsed on April 23rd (see Independent comment here). Between the 8th and the 15th of May, […]

Happy New Year to you all

I want to wish you ‘good investing’ in a period of huge uncertainty. I suppose (is ‘hope’ a more appropriate word) the brave will be there to buy when everybody is panicking, which is why I’ve allowed myself to have a list of buys. When I look at directors dealings I’m looking for a change of pattern […]