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Weekly Review – September 28th: ITV, Axis Shield, Rathbone, Reckitt, RBS, AIG, Tate and Lyle

Firstly I want to thank all of the respondents to my question as to how to improve this website. I very much appreciate you taking the time to help me improve this product. THANKYOU. If you have any further comments, please send them in ! A summary of my thoughts from last week (click on […]

RBS directors start to exit (from rights shares)

Over the last couple of weeks w’ve seen two directors selling shares in RBS (RBS, 214p): Non exec Lawrence Fish sold 140,000 shares at 223.36p on September 22nd. This takes him to 182,309 shares. He had bought 119,000 shares in the June capital raising at 200p per share. General Counsel and Group Secretary Miller McLean […]

RBS directors outperform FTSE by 18%.

Today FT.com reports on RBS: ‘ Sir Fred Goodwin, chief executive, said the bank had been “comparatively unaffected” by turbulence in world markets and the write-down because of credit market moves would be a net £950m in the second half. This is below the £1bn to £2bn range of expectations.’ On November 12th followthedirectors reported: […]

Strong message from RBS

Five non exec directors of Royal Bank of Scotland (RBS) last week bought shares at between 403p and 423p. They increased their shareholdings by a significant amount, by between 25 and 150%, and put in between £40k and £495k of their own money. For a bank which is supposedly sitting on possible losses of several […]

easyjet CEO Harrisons share sale – a significant signal

Between January and May last year, the CEO of easyjet (EZJ 301p), Andrew Harrison, doubled his position in the group by investing almost GBP 1.2 million ( ‘Harrison accelerates buying of Easyjet‘- followthedirectors, May 29th 2008). Now Harrison has almost halved his position by selling 400,000 shares at 326p (January 28th, London Stock Exchange), leaving […]

The great unknown is with us.

Dear Reader, The great unknown is with us. Or as Bill Bonner would describe the current environment:  “Into the wild. Yes, dear reader, we are going where no man ever went before… into the wild. All around us is virgin territory. No one has ever been here before.” (The Daily Reckoning- November 19th). The great […]

Fiberweb – directors buying, cost cutting, poss takeover target

Fiberweb (FWEB, 43.5p) are up 26% today (August 7) on the back of interim results demonstrating substantial benefits from cost cutting (Reuters results comment here). In spite of this move, the CEO David Dayan and CFO David Abrams today bought 115,000 shares each at 43.11p. This takes Dayan to 1,085,000 shares, and Abrams to 224,000 […]

Housebuilding at a standstill, but Galiform directors buying

I’m intrigued. Galiform (GFRM, 71p) own Howdens Joinery, which supplies kitchens and joinery products to the building trade. In a week of turmoil in the UK housebuilding industry prompted by Persimmon warning they would stop building new homes, I find that the CFO of Galiform, Mark Robson, makes his first purchase of shares since he […]

Strong message from HBOS directors – we’ve seen this before

I haven’t seen the full details yet of who bought what when. But the Times points to a significant purchase by HBOS (HBOS, 474p) directors and staff, who ‘spent almost £6 million bumping up their shareholdings in the FTSE 100 mortgage bank the day after malicious rumours’. Let’s take a look back to November last […]

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 […]