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Marks and Spencer – non exec Du Plessis initiates position

The risk to Marks and Spencer (MKS, 222p) was obvious from what I perceived to be exposure to a customer base with limited spending power. The whiff of Lily of the Valley with a faint hint of urine as I descended the escalator to the underwear and luxury foods hall at Marks’ Aberdeen branch betrayed […]

Marks and Spencer – Chairman David Michels adds to holding

On the 29th of July we saw the Chairman of Marks and Spencer David Michels (MKS, 257p) add to his holding by buying 47500 shares at 248.75p. Is this significant ? NO. 1. This is a relatively small amount of money (¬£118,000) 2. No other directors are buying shares at the moment. The last significant […]

Marks- Sir David Michels increases holding by 50%

M&S (MKS, 276p) Deputy Chairman Sir David Michels on August 14th bought 37,734 shares at 265p, taking his holding to 113,984 shares. This is in addition to his recent purchase of 47,500 shares on July 29th. The retail sector has been firm recently on the back of weaker oil prices, maybe anticipating that inflation in […]

Intertek directors test the waters with purchases

Intertek (ITRK, 815p) on the 17th December announced a very upbeat trading statement, ahead of their December year end: ‘the group is expected to end 2008 with strong trading….expected to continue into 2009’. This was followed by ditrectors share purchases¬† as follows: CEO Wolfgang Hauser initiated a position by buying 1336 shares at 742p, Non […]